Kimball Electronics, Inc. provides manufacturing solutions. The company provides electronics manufacturing services (EMS), including engineering and supply chain support, to customers in the automotive, medical, and industrial end markets. The company delivers a package of value that begins with its core competency of producing durable electronics, and it further offers contract manufacturing services for non-electronic components, medical disposables, precision molded plastics, and production a...
Kimball Electronics, Inc. provides manufacturing solutions. The company provides electronics manufacturing services (EMS), including engineering and supply chain support, to customers in the automotive, medical, and industrial end markets. The company delivers a package of value that begins with its core competency of producing durable electronics, and it further offers contract manufacturing services for non-electronic components, medical disposables, precision molded plastics, and production automation, test, and inspection equipment. The company’s design and manufacturing expertise coupled with robust processes and procedures help it ensure that it delivers the highest levels of quality, reliability, and service throughout the entire life cycle of its customers’ products.
The company delivers a package of value that begins with its core competency of producing durable electronics and further offer contract manufacturing services for non-electronic components, medical disposables, drug delivery solutions and precision molded plastics. The company’s design and manufacturing expertise coupled with robust processes and procedures help it ensure that it delivers the highest levels of quality and reliability throughout the entire life cycle of its customers’ products. The company delivers award-winning service across its global footprint with an operations platform driven by highly integrated procedures, standardization, and teamwork. The company’s Customer Relationship Management (CRM) model is key to providing its customers convenient access to its global footprint and all of its services throughout the entire product life cycle.
The company manufactures safety-critical electronic assemblies for automotive customers, developing invaluable expertise that extends beyond the automotive industry to benefit its medical and industrial customers as well.
Many of the company’s customers are multinational companies operating across multiple global regions, and they maximize their supplier relationship by partnering with it for engineering, manufacturing, and supply chain services and support across multiple locations and regions. The company leverages key supply chain advantages and streamline its operations, enabling cost-effective manufacturing of both electronic and non-electronic products within a single production facility for customers from all three end market verticals. Coupled with the company’s CRM model and its global systems, procedures, processes, and teamwork, its strategic approach to expanding its global footprint aligns with its customers’ preferences in its three end market verticals.
The company’s customers benefit from consistent supply chain processes across all regions to its global component sourcing, procurement, quoting, and customer pricing operations. The company’s central sourcing organization employs global procurement strategies that ensure consistent component availability and a uniform pricing approach by leveraging the purchasing volume of its entire organization. The company’s unified, global quoting model allows it to seamlessly respond to its customers’ production needs anywhere across its global footprint.
The company combines cross-functional teams from multiple facilities in quality, operational excellence, quoting, and design engineering global support with its business development team members located in-region with its global customers. Clear roles and responsibilities, combined with diverse skill sets, establish a robust conduit critical for executing the company’s customers’ objectives and building strong customer relationships.
The company offers its services globally on a contract basis, and it manufactures products to its customers’ specifications. The company’s services primarily include:
Production and testing of printed circuit board assemblies (PCBAs);
High-level and final assembly of medical, automotive, and industrial products;
Design services and support;
Supply chain services and support;
Rapid prototyping and new product introduction support;
Product design and process validation and qualification;
Industrialization and automation of manufacturing processes;
Reliability testing (testing of products under a series of extreme environmental conditions);
Aftermarket services;
Production and assembly of medical devices, medical disposables including packaging, and other non-electronic products;
Drug delivery devices and solutions with and without electronics;
Class 7 and 8 clean room assembly, cold chain and product sterilization management;
Design engineering and production of precision molded plastics; and
Complete product life cycle management.
The company takes pride in its attentive approach to understanding and adapting to its customers’ ever-changing needs and preferences. The company continuously seeks opportunities to grow and diversify its business and the value it delivers to customers while enhancing its global presence.
Reporting Segment
As of June 30, 2024, all of the company’s operating segments provided contract manufacturing services, including engineering and supply chain support, for the production of electronic assemblies and other products including medical devices, medical disposables, precision molded plastics, and automation, test, and inspection equipment primarily in automotive, medical, and industrial applications, to the specifications and designs of its customers. The nature of the products, the production process, the type of customers, and the methods used to distribute the products have similar characteristics across all its operating segments. Each of the company’s operating segments serves customers in multiple markets, and many of its customers’ programs are manufactured and serviced by multiple operating segments.
Business Strategy
The key elements of executing the company’s strategy include leveraging its global footprint; expanding its package of value; and expanding its markets. In the third quarter of fiscal year 2024, the company made the decision to divest GES, its automation, test and measurement business unit, and committed to a plan to sell the business, allowing for increased focus and support for the company’s core operations. The company completed the divestiture of the GES business to Averna Technologies Inc. on July 31, 2024.
Business Offerings
The company offers electronics manufacturing services, including engineering and supply chain support, to customers in the automotive, medical, and industrial end market verticals. The company further offers contract manufacturing services for non-electronic components, medical disposables, and precision molded plastics. The company’s services support the complete product life cycle of its customers’ products, and its processes and capabilities cover a range of products from high volume-low mix to high mix-low volume. The company brings innovative, complete design solutions to its customers. The company offers Design for Excellence input to its customers as a part of its standard package of value. The company use sophisticated software tools to integrate the supply chain in a way that provides its customers with the flexibility their business requires.
The company’s robust new product introduction process and its extensive manufacturing capabilities give it the ability to execute to the various quality and reliability expectations of its customers in each of its end market verticals. The company is committed to protecting the planet by combating climate change, including contributing to a lower carbon future, in its operations, its value chains, and in the service it offers to its customers. The company’s strategies include actions to optimize its manufacturing facilities and processes for sustainability, increase clean energy in its purchased power mix, collaborate with its customers and supply chain to address upstream and downstream carbon emissions, invest in clean energy solutions for climate protection, and offer low carbon and clean technology products, technologies and services.
The company values its customers and their unique needs and expectations. The company’s customer focus and dedication to unparalleled excellence in engineering and manufacturing has resulted in proven success in the contract manufacturing industry. Personal relationships are important to it, and it strives to build long-term global partnerships.
Marketing Channels
Manufacturing services, including engineering and supply chain support, are marketed by the company’s business development team. The company uses a CRM model to provide its customers with convenient access to both its global footprint and all of its services throughout the entire product life cycle.
Competitors
The company’s competition includes EMS companies such as Benchmark Electronics, Inc., Flex Ltd., Jabil Inc., Plexus Corp., and Sanmina Corporation.
Customers
While the total electronic assemblies market has broad applications, the company’s customers are concentrated in the automotive, medical, and industrial end markets. Beginning in fiscal year 2024, the company changed its presentation of revenue for miscellaneous sales previously included in Other to include in the respective customers’ end market verticals. Prior year periods have been recast to conform to the year presentation.
Research and Development
The company’s research and development costs were approximately $ 18.3 million for the fiscal year ended June 30, 2024.
Intellectual Property
The company maintains trademark rights (including registrations) for Kimball Electronics, and other wordmarks and trademarks that it uses in business in the United States and around the world.
History
Kimball Electronics, Inc. was founded in 1961. The company was incorporated in Indiana in 1998.