Established in 1995, Palomar Technologies was a former division of Hughes Aircraft’s Industrial Products Division (Assembly and Test) that was founded in 1976. Today, it is a privately held US company, owned and operated by local management.
Timeline of Corporate Structure:
- 2015: Palomar Technologies acquires SST International
- 2008: Local Palomar management leads a buyout from its owners at Citicorp and becomes a fully controlled, privately held company.
- 1995: Citicorp acquires the Industrial Products Division (Assembly and Test) of General Motors and renames the company “Palomar Technologies.”
SST Vacuum Reflow Systems
Formerly known as SST International and established in 1965, SST Vacuum Reflow System designs, manufactures, delivers, and supports equipment, tooling, and services for thermal processes used in the assembly of microelectronic devices.
In March 2015, Palomar Technologies acquired SST International. Palomar, together with SST, provides expanded product offerings for microelectronics assembly, increased access to NPI development, process development capabilities, and broader access to world markets.