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PCB Technologies to Acquire Silicon Valley’s Gorilla Circuits for an Enterprise Value of USD 120 million, Establishing US Manufacturing Footprint

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MIGDAL HAEMEK, Israel, Oct. 8, 2026 /PRNewswire/ —  PCB Technologies (TASE: PCBT) a global provider of advanced printed circuit boards (PCBs), PCBA, and microelectronics solutions, today announced it has entered into a definitive agreement to acquire 100% of the shares of Gorilla Circuits, a leading provider of PCB fabrication and electronic card assembly (PCBA) services based in Silicon Valley. The transaction reflects an enterprise value (EV) of USD 120 million at an EBITDA multiple of 7.6, based on the average results for 2025 and the first half of 2026, subject to customary purchase price adjustments.

The acquisition marks a major strategic milestone for PCB Technologies, establishing a robust manufacturing presence in the United States and unlocking significant growth opportunities within the North American technology, aerospace, and defense ecosystems.

Establishing a Strategic Stronghold in Silicon Valley

Gorilla Circuits has operated for over 20 years in San Jose, California, serving as a critical partner in the Silicon Valley PCB fabrication and electronic manufacturing services (EMS) ecosystem. Specializing in high-mix, low-volume production runs, manufacturing products designated for development, and products with short lead times, Gorilla Circuits serves over 700 active customers. Its primary markets include semiconductor testing, technology, and aerospace & defense.

The integration of Gorilla Circuits is expected to deliver immediate strategic benefits:

Deepened Market Penetration: Substantially expands PCB Technologies’ footprint in the US technology, semiconductor and aerospace & defense sectors, which accounted for approximately 35% and 40% of Gorilla Circuits’ H1 2026 sales, respectively.Synergistic Technological Offerings: PCB Technologies plans to enhance Gorilla Circuits’ portfolio by introducing its own advanced PCB substrates, microelectronics, and next-generation Integrated Circuit (IC) packaging capabilities to the US market.Local Manufacturing Presence: A physical production base in Silicon Valley allows the combined company to seamlessly bid on substantial US contracts that mandate onshore fabrication and engineering proximity.

Strong Financial Momentum

Gorilla Circuits has demonstrated consistent financial growth, backed by an impressive order pipeline. Key financial highlights include:

Revenue Growth: Revenue increased from USD 69.4 million in fiscal year 2024 to USD 91.9 million in 2025. For the first half of 2026, revenue reached USD 54.9 million.Profitability: Adjusted EBITDA rose sharply from USD 3.0 million in 2024 to USD 13.6 million in 2025, reaching USD 8.9 million in H1 2026 alone (post-IFRS 16 adjustments).Accelerating Order Velocity: Customer orders totaled USD 100 million in 2025, with an order run rate of approximately USD 131 million in 2026. Maintaining an order backlog of roughly USD 38 million as of August 31, 2026.

Oved Shapira, CEO of PCB Technologies:

“This transaction is intended to transform the scale of PCB Technologies and the opportunities available to us. We are combining the technologies and manufacturing capabilities we have developed in Israel with a U.S. manufacturing base and hundreds of customers in sectors where we have a technological advantage. Our local presence is expected to open up opportunities that have previously been limited for us and enable us to offer Gorilla’s customers a broader range of solutions.”

“Gorilla brings rapid growth in sales and orders, manufacturing and assembly capabilities, and a diversified customer base. The combination creates cross-selling opportunities across our operations, and we intend to further expand access to iNPACK solutions for U.S. customers. This will allow us to advance our ALL IN ONE strategy in the U.S. market, offering an integrated solution from development through manufacturing and assembly.”

Mario Borjon, President of Gorilla Circuits:

“Joining PCB Technologies represents a significant opportunity for the next stage of Gorilla’s growth. Combining our existing capabilities and relationships we have built in the U.S. market with PCB Technologies’ manufacturing capacity, expertise with specialized advanced technologies is expected to enable us to expand our range of solutions and support larger, more complex customer programs. Following completion of the transaction, we look forward to jointly pursuing investments in expanding U.S. manufacturing capacity and introducing innovative technologies in thermal management and heat dissipation, RF solutions and miniaturization. The combination will create new opportunities for our team and strengthen our ability to grow alongside our customers, while maintaining the quality, flexibility and personal service that define Gorilla.”

Transaction Details and Timeline

Under the terms of the agreement, the transaction will be executed via a wholly owned subsidiary of PCB Technologies and financed through credit facilities extended by two leading Israeli banks.

The completion of the acquisition is subject to customary closing conditions, including regulatory approval from the Committee on Foreign Investment in the United States (CFIUS). The transaction is expected to close within the next eight months. No immediate material capital investments are required, as Gorilla Circuits’ facilities are fully equipped to support near-term growth.

About PCB Technologies Ltd.

PCB Technologies is a leading All-in-One solutions provider specializing in high-mix multilayer rigid, rigid-flex, and multi-flex PCBs, advanced substrates, IC packaging, complex electronic assemblies, and electro-mechanical sub-systems. The company offers full-process, in-house capabilities that span the entire product lifecycle—from rapid prototyping to cost-effective, high-volume production. Through its exclusive subsidiary, iNPACK, PCB Technologies, delivers specialized expertise in miniaturization and next-generation IC packaging solutions. Established in 1981, the company is a global front-runner in cutting-edge electronics manufacturing, serving mission-critical sectors including Military/Defense, Aerospace, Medical, RF/Microwave, and Robotics/Automation.

For additional information, visit: https://www.pcb-technologies.com/, follow us on X or visit our official Facebook, YouTube and LinkedIn Channels

About Gorilla Circuits

Based in San Jose, California, Gorilla Circuits, founded by Hershel Petty, is a vertically integrated manufacturer of high-reliability printed circuit boards and assembly solutions. For over two decades, the company has provided quick-turn fabrication and assembly services tailored to the rigid performance and time-to-market demands of Silicon Valley’s leading technology innovators.

Forward-Looking Statements

This press release contains forward-looking statements as defined under applicable securities laws, including statements regarding the expected completion of the transaction and the strategic benefits of the acquisition. These statements are based on current expectations and involve risks and uncertainties that could cause actual results to differ materially, including the failure to obtain necessary regulatory approvals or satisfy other closing conditions.

 

 

 

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SOURCE PCB Technologies

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Neudata appoints Richard Barnett as Chief Product Officer

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LONDON, Oct. 8, 2026 /PRNewswire/ — Neudata, a global leader in alternative and market data intelligence, today announced the appointment of Richard Barnett as Chief Product Officer. The appointment comes as Neudata increases its focus on product innovation and accelerates the development of new solutions in response to evolving client and market needs. Based in London, Richard joins Neudata’s leadership team and will lead the company’s product strategy, portfolio and roadmap.

Rado Lipuš, CEO and founder of Neudata, said: “Our ambition is to make Neudata one of the most innovative companies in the data intelligence market. Our deep understanding of both the data landscape and the needs of institutional investors gives us a unique perspective on how the market is evolving, particularly as AI creates new ways to use and derive value from data. Through initiatives such as the Neudata Innovation Lab, we want to move quickly to turn those insights into new products and solutions. Richard brings the experience, creativity and product leadership we need to accelerate that ambition.”

With over 20 years of product leadership experience across financial information and B2B software, Richard has held senior product and digital leadership roles at Bloomberg, Thomson Reuters, J.P. Morgan and Goldman Sachs, building and leading global product and UX teams across some of the industry’s most widely used platforms. More recently, he has advised established and scaling businesses on product strategy and transformation, and served as fractional CPO at Instinct Digital, where he led product strategy and the development of AI-enabled capabilities for asset managers.

At Neudata, Richard will lead the product management team and oversee the company’s product portfolio, translating client needs and market insights into a clear roadmap for development and growth. He will work closely with the Neudata Innovation Lab to assess new opportunities and bring validated ideas into the roadmap. His initial priorities will include advancing Neudata Ranger, the company’s market data intelligence product, helping clients evaluate market data providers and make more informed sourcing decisions.

Neudata’s Innovation Lab brings together insights from across the company, its clients, partners and the wider data market to identify unmet needs, test ideas and validate opportunities for new products and features.

Richard Barnett said: “Neudata combines deep knowledge of the data market with a close understanding of what clients need. That’s a strong foundation to build on. I’m looking forward to working with the team to develop products that help clients make better decisions about data, build on Ranger’s capabilities and address new opportunities as the market evolves.”

About Neudata

Neudata is an independent alternative and market data intelligence platform connecting institutional data buyers with data providers. Founded over 10 years ago, Neudata today connects more than 1,000 data buyers with over 4,400 data providers and 11,000+ datasets, providing unbiased research and analysis that helps clients discover, evaluate and manage external datasets with confidence. A team of 100 people across London, New York and Shanghai runs Neudata’s Scout and Ranger platforms, its global events programme and its 1-to-1 networking programme, AltDating. Neudata also helps organisations monetise their existing data assets through its consulting services. For more information, visit www.neudata.co.

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Avalara Helps Global Businesses Move Faster as Tax and Compliance Complexity Accelerates

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Fortnum & Mason and ASOS share how automation helps them grow across markets

LONDON, Oct. 8, 2026 /PRNewswire/ — Avalara, Inc., the agentic AI leader in global tax and compliance, today opened its CRUSH Europe customer conference by showing how businesses can use automation and agentic AI to manage growing tax and compliance complexity while moving faster across markets. Fortnum & Mason and ASOS joined Avalara at the conference to share how their organizations are using compliance automation to support global growth as regulatory requirements become increasingly digital, interconnected, and real-time.

Selling at speed and global scale

Fortnum & Mason, a 315-year-old British institution, ships to customers in nearly 90 countries. Automating sales tax, import tax, and duties calculations, including the complex classification of food and non-food goods, allows the team to focus on serving customers and delivering exceptional products and services. The company shared its story at Avalara’s conference.

“When delivering across multiple countries and some unique destinations, accurate tax and duties calculations are essential,” said Nataliya Schipka, Director of Finance at Fortnum & Mason. “Automating cross-border compliance allows us to focus on serving customers wherever they are, rather than being constrained by the complexity of compliance.”

Fortnum & Mason was joined at CRUSH Europe by ASOS, one of the world’s leading online fashion retailers. Operating at the pace of global fashion means launching products, entering markets, and adapting to regulatory change quickly, while delivering a seamless checkout experience for customers around the world. ASOS uses compliance automation to support that speed and scale without relying on added headcount simply to keep pace with growing complexity.

Their experiences reflect a broader challenge facing businesses across Europe. Tax and compliance requirements are becoming more interconnected, more digital, and increasingly real-time, while businesses are under pressure to move faster. For years, software has automated individual compliance tasks, but much of the work between those tasks and systems has remained manual. Avalara believes meeting that challenge requires rethinking how the work gets done.

New purpose-built agentic AI solutions for tax and compliance

At CRUSH Europe, Avalara showed how agentic AI can help close those gaps by orchestrating work across tax and compliance processes and systems.

Avalara Aviator, which is generally available today, is the company’s new agent hub for tax and compliance. It’s designed to turn days of manual work into minutes of oversight, with an audit-defensible record for every action. Intelligent agents can understand context, coordinate work, monitor variance, and take action, while bringing people in when judgment or approval is required.

Among other compliance operations, Avalara Aviator can map products to tax codes, validate exemption certificates, auto-generate tax matrices, configure custom rules, and analyze results across applications. It is grounded in trusted tax content, deep compliance expertise, proprietary data, deterministic technology, and governance Avalara has built over more than 22 years, informed by more than £2.1 trillion in transactions Avalara handles annually.

Versori by Avalara, Avalara’s agentic integration fabric, addresses another critical part of that challenge: bringing tax and compliance intelligence into the systems and data where businesses already work. In an agentic world, compliance work won’t always begin inside compliance software. It may start in an ERP, an e-commerce platform, a finance system, or an AI agent. Versori uses specialized AI agents to research, build, test, and deploy production-grade connectors in days rather than months at a fraction of the cost of traditional integration tools. 

“AI is changing how work gets done across every industry,” said Hugo Sarrazin, Chief Executive Officer at Avalara, in his CRUSH keynote. “But agentic AI is different. It can execute multi-step work, continuously monitor what is changing, and bring people in when judgment or approval is required. The opportunity is automation and control, not one at the expense of the other. In tax, the calculation still has to be right. The filing still has to be defensible. And the person accountable is still a person.”

Built for Europe’s mandate wave

Governments across Europe are moving compliance closer to the transaction, and mandatory e-invoicing will extend digital reporting to cross-border B2B transactions across the EU from 2030. Avalara lets businesses integrate once through a single global API, then activate individual country mandates through configuration rather than repeated reimplementation. Avalara has been an approved platform in France since September 2026 and expects to be ready for Germany in January 2027 and Spain in October 2027. Avalara was recently named a Leader in the IDC MarketScape: Worldwide E-Invoicing Compliance Solutions 2026 Vendor Assessment (doc #EUR154882626, September 2026).

About Avalara
Avalara is the agentic AI leader in global tax and compliance. For more than two decades, Avalara’s trusted tax content, deep compliance expertise, proprietary data, and technology have helped customers succeed on a global scale. Avalara now pairs that foundation with agentic AI to help businesses execute complex compliance work while keeping people in control. Avalara processes more than 54 billion AvaTax API calls annually and supports millions of businesses worldwide. For more information, visit Avalara.com.

This press release contains forward-looking statements regarding Avalara’s product plans, technology capabilities, and expected availability dates. These statements describe Avalara’s intentions as of the date of release and are subject to change without notice.

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SOURCE Avalara, Inc.

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Reliance Digital’s Festival of Electronics Sale Is Live: Best Deals on iPhone 17 Pro, TVs, ACs, Laptops & Top Electronics

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The Festival of Electronics Sale features the best deals across mobiles, laptops and top electronics, with the iPhone 17 Pro 256GB at ₹56,990*, Toshiba 55-inch Mini LED TV at ₹49,990* and Samsung 1.5T Inverter AC at ₹33,890*. Customers can also shop deals on smartphones, laptops, TVs, air conditioners and other consumer electronics, with an assured exchange bonus of up to ₹20,000* and bank offers of up to ₹30,000*.

MUMBAI, India, Oct. 8, 2026 /PRNewswire/ — This festive season, Reliance Digital brings back its much-awaited Festival of Electronics, inviting consumers to upgrade, gift and bring home the technology they have been waiting to #CelebrateWithNoExcuses.

This year’s campaign celebrates the idea that the festive season is the perfect time to stop postponing those upgrades and make celebrations bigger, smarter and more memorable. With great deals across leading electronics categories, consumers can find something for every festive need, from entertainment and smartphones to home appliances.

Deals on Phones, TVs and Home Appliances

Among the featured offers, the iPhone 17 Pro 256GB is priced at ₹56,990*. Entertainment and home appliance deals include:

Dell 13 XPS Intel Core 5 at ₹64,999*LG Mini LED at ₹37,990*Samsung 1.5T Inverter AC at ₹29,990*

The list also covers LG 10 Kg Front Load Washing machine at Rs.39,990* and Marshall Emberton II Bluetooth Speaker at ₹10,999*.

Exchange, Second-Product and Bank Offers

Beyond individual product prices, the sale includes three broader offers:

An assured exchange bonus of up to ₹20,000*Flat 50% off on the second product*Discounts of up to ₹30,000 on leading bank cards and consumer loans*

A Campaign Built Around ‘No Excuses’

This year’s campaign centers on the idea that the festive season is the right moment to make celebrations bigger, smarter and more memorable. Under the #CelebrateWithNoExcuses banner, Reliance Digital is positioning the sale as a reason to stop waiting for ‘later’ or ‘next year’.

The Festival of Electronics covers entertainment, smartphones and home appliances, aiming to offer something for every festive need, whether shoppers are upgrading, gifting or buying for the home.

Frequently Asked Questions

What is the Festival of Electronics?
It is Reliance Digital’s festive-season electronics sale, returning in 2026 with offers across smartphones, TVs, home appliances, laptops and audio products.

Which products are featured in the sale?
Featured products include the iPhone 17 Pro, Dell 13 XPS Intel Core 5 Laptop, LG Mini LED TV, Samsung 1.5T Inverter AC , Samsung Front Load Washing Machine and Marshall Emberton II Bluetooth Speaker.

How much does the iPhone 17 Pro 256GB cost in the sale?
It is priced at ₹56,990*, subject to terms and conditions.

What is the maximum exchange bonus?
Up to ₹20,000* as an assured exchange bonus.

What is the second-product offer?
Shop for 15000 or above and get 50% off on select accessories. Offer applicable till stock lasts. Offer Valid till 15th Nov’26.

What bank card and loan offers are available?
Up to ₹30,000 discount on leading bank cards and consumer loans*.

When does the sale end?
The end date has not been announced.

What is the campaign hashtag?
#CelebrateWithNoExcuses

*Terms and conditions apply

About Reliance Digital:

Reliance Digital is India’s largest electronics retailer, present in over 800 cities with more than 700+ large-format Reliance Digital stores and 900+ My Jio stores, serving customers in every corner of the country and making the latest technology accessible to all. With over 300 international and national brands and more than 5,000 products at the best prices, Reliance Digital offers the largest selection of models to help customers find the right technology for their lifestyle. The trained and well-informed staff at every store are always ready to guide customers through every detail of each product. Importantly, Reliance Digital provides after-sales service for all its products through Reliance resQ, the service arm of the retailer and India’s only ISO 9001-certified electronics service brand. Reliance resQ is available all week and is fully equipped to provide end-to-end solutions.

For ease of purchase, customers can visit any Reliance Digital store, shop online at www.reliancedigital.in 

 

 

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