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European EMS consolidation accelerates as defence demand reshapes the market
What happened
European EMS sector consolidation accelerated with 14 acquisitions among 7 tracked firms last year, driven by fragmentation and improved balance sheets. Defense and aerospace demand is a key driver, with its share expected to grow from ~10% to 20% in five years, exemplified by Kitron where it may exceed 30% in 2026. Watch: M&A activity and geopolitical pressures are reshaping supply chain strategies, potentially altering component sourcing and capacity allocation.
Impact and signal
Medium impactImpact score: 45/100
Affected components and suppliers
EMS
Zollner Elektronik AGKitron
consolidationdefensegeopolitical
Source and time
Source: Evertiq · 3/17/2026 · View original source
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