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SANM: Acquisition of ZT Systems accelerates cloud and AI growth, raising revenue to $14 billion

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A diversified manufacturer is expanding into cloud and AI infrastructure through the acquisition of ZT Systems, boosting combined revenue to $14 billion and EBITDA to $1 billion. The company targets 6-7% operating margins, maintains strong liquidity, and aims for investment-grade ratings as it pursues profitable growth.

Based on Sanmina Corporation [SANM] BofA Securities Leveraged Finance Conference 2025 Audio Transcript — Dec. 2 2025

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