KE | Market Cap: $577.4M (08/27/26)
Industry:
Hardware Healthcare Equipment, Supplies, & Technology

DESCRIPTION

Kimball Electronics, rebranding to Kimball Solutions, is a contract manufacturer that produces electronics and medical products for original equipment manufacturers (OEMs). The company operates through electronics manufacturing services, producing printed circuit board assemblies and finished products for the automotive, medical, and industrial markets. In automotive, Kimball focuses on safety-critical assemblies like electronic power steering and braking systems. The industrial segment centers on HVAC systems, smart meters, and off-highway equipment. Kimball is expanding into contract development and manufacturing organization services for the medical market, producing disposables, drug delivery devices, and precision molded plastics. This expansion includes a new facility in Indianapolis and the acquisition of Helvoet Polymer Technologies to add plastics and tooling expertise. The business model involves charging for labor, overhead, and materials while the customers retain ownership of product designs. Kimball sells directly to multinational OEMs using a global customer relationship management model, with Nexteer Automotive, Philips, and ZF serving as major customers. The company maintains manufacturing facilities across the U.S., China, India, Mexico, and Europe. Kimball's strategy aims to shift the portfolio toward the medical market, targeting increased customer stickiness through complex, regulated manufacturing.

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