Celestica Acquires CoreSim

Celestica, a world leader in EMS, has acquired CoreSim, a leader in advanced design analysis and redesign services

August 5, 2005

2 Min Read

TORONTO -- Celestica Inc. (NYSE: CLS, TSX: CLS/SV), a world leader in electronics manufacturing services (EMS), today announced that it has acquired CoreSim, a leader in advanced design analysis and redesign services. CoreSim will strengthen Celestica’s design services offering by adding intellectual property, including its unique engineering tools and processes that enable electronic design projects to be delivered on-time and at a reduced cost. Based in Ottawa, Ontario, Canada, CoreSim currently provides services to some of the world’s leading OEMs.

CoreSim will enhance Celestica’s design offering through its proprietary tool, Schematic Modeling, a model-based tool that identifies wiring and technology issues in schematics. Through this tool, CoreSim provides design analysis which independently verifies and validates pre-layout customer designs to assist in keeping engineering projects on-time and within budget. This approach also offers customers rapid design verification which reduces costly design respins; produces well-margined designs that are ‘right the first time’; reduces errors in schematic capture; facilitates custom verification; and, significantly shortens the overall development process.

“CoreSim’s proven track record of delivering innovative design processes and tools to the telecommunications, aerospace and defense, and enterprise markets will complement our current design services offering,” said Dave Tiley, senior vice president, Global Services, Celestica. “This acquisition will enable us to offer our customers reduced cost on redesigns, faster time-to-market on new products and assist with product design innovations.”

For existing products, CoreSim’s design services include complex hardware cost reduction, or component obsolescence retargeting, without software changes. CoreSim will deliver further strength to Celestica’s design offering through its System Integrity Analysis, Board Static Timing Analysis, Real Time System Vector Capture and Hardware Modeling, which create accurate models of hardware/software functionality and parametric operating margins, resulting in reduced design costs for customers. CoreSim’s unique services also enable redesign of products whereby critical information is not available and redesign for RoHS compliance.

Celestica Inc.

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