Excelsus Holdings, Inc., announces acquisition of Spectrum Integrated Circuits Sdn. Bhd. in Johor Bahru, Malaysia through its wholly owned Malaysia subsidiary Excelsus Technologies (M) Sdn. Bhd. for an undisclosed amount. Excelsus was founded by Mehul J. Dave and Michael Schumacher who are principals of Linkage Technologies, Inc.
Spectrum, a printed circuit board manufacturer based in Johor Bahru, Malaysia, offers a wide range of PCB manufacturing services from single-sided to complex multi-layer and burn-in boards. Spectrum was established in 2011 with the acquisition of TPT Multiflex.
The primary driver to acquire Spectrum is in response to increasing customer concerns of the reliability and resiliency of the existing PCB supply chain. Southeast Asia and Malaysia in particular offers diversity outside of China with a reliable low-cost workforce while providing solid infrastructure and access to world-class logistics with Singapore Changi Airport only 40 minutes from the Spectrum factory.
Mehul J. Dave, Chairman
Mehul has over 40+ years of experience as a leading entrepreneur in the global PCB industry. He has founded and co-founded numerous startups and is well-positioned to lead Spectrum to the next level.
Mehul built his reputation as the Founder/CEO of Cimnet Systems, whose Paradigm ERP system and other engineering solutions were used by hundreds of PCB manufacturers around the world. At Cimnet, Mehul built his reputation as an innovative problem solver and high integrity business leader.
Mehul’s expertise includes manufacturing optimization, global supply chain management, and enterprise system development and team management. He has extensive international business experience, having established offices in North America, China and India from the ground up. He is a regular contributor to various industry publications such as PCB007 and other trade magazines.
Mehul’s resume and network of productive PCB relationships make him uniquely qualified to lead the Spectrum team to the next level.
Michael Schumacher, CEO
Michael is a seasoned PCB executive with 30+ years of experience in Finance, IT, Operations and Sales/Marketing. His resume includes experiences in management and consulting with many of the leaders in the global PCB industry.
Michael’s initial experiences as a Financial Director for two Minneapolis-based PCB companies connected him to Mehul at Cimnet. That relationship led Michael to start a consulting business where he partnered with Mehul and his team on successful business projects with more than 70 PCB companies in North America, Europe and Asia.
As CEO of Spectrum, Michael’s objective will be to weave the operation into a complimentary partner to the Linkage Technologies PCB sourcing business that he also leads.
Rejie Samuel, Director
Rejie is a seasoned C-Suite leader with over 30 years of experience in Automotive and Fast Moving Consumer Goods (FMCG) industries. He is the CEO of Air International Thermal Systems (AITS) and previously was the President, TRW Korea; Regional Finance Director at Kellogg and various management positions at Colgate Palmolive (M) Sdn Bhd. A highly innovative and visionary leader, Rejie built a successful career on three core skills: strategic thinking, detail orientation and people leadership in high-technology operations. This unique and rare mix helped him successfully managing turnarounds, achieving operational excellence and implementing culture change in complex enterprises.
Rejie is a Chartered Global Management Accountant (CGMA).
Rejie brings a wealth of management experience, business acumen, and direct Malaysia experience to Spectrum.