MB Electronica

What MB Electronica does

MB Elettronica S.r.l. is an Italian Electronics Engineering and Manufacturing Services (EEMS) provider founded in 1988 by Francesco Banelli in Cortona, Tuscany, operating for over 35 years in the design, industrialization and production of high-reliability electronic boards and integrated devices. The company serves customers in regulated, mission-critical verticals — Aerospace & Defense (~40% of 2025 turnover), Rail, Medtech & Life Science, Security, Telecommunications, Automotive and Media — through an integrated value chain spanning design, prototyping, industrialization, series production and after-sales/obsolescence management. Its manufacturing footprint centers on a 4,000 sq.m. consolidated facility housing four automatic SMD/SMT lines (200,000 components/hour), PTH assembly, an ISO 8 clean room for space-qualified assembly, and Nadcap-accredited cable and harness production, supported by certifications including Nadcap CHA & PBA, EN 9100, ISO 9001, ISO 13485, IATF 16949, IRIS, ISO/IEC 27001, ISO 45001, ISO 14001 and EcoVadis Bronze.

The business model is B2B contract manufacturing with bespoke quote-based pricing, anchored by long-tenured customer relationships such as Knorr-Bremse (since 1999) and Selex Galileo (now Leonardo), plus strategic contracts with institutions including CERN for MCPM modules in the LHC accelerator. MB monetizes across four revenue streams: (1) core EMS contract manufacturing, (2) engineering and design services, (3) sales of own OEM products including the Wide Range Power Supply, Electronic Door Control Unit and Railways Test Bench, and (4) recurring after-sales services covering obsolescence management and re-engineering for long-lifecycle platforms. As of January 22, 2026, the company is a wholly-owned subsidiary of Finnish EMS group Scanfil Oyj following a transaction valued at up to EUR 123 million, with reported 2025 turnover of EUR 120 million (up 21.9% YoY) and a comparable EBIT improvement of 49.7%.

Name

MB Electronica

Legal name

MB Elettronica S.r.l.

Website

https://mbelettronica.com

Company type

Private

Founded year

1988

Operating status

Acquired

Headcount range

501–1,000 employees

Short description

MB Elettronica is an Italian EEMS provider designing, manufacturing, and supporting high-reliability electronic boards and devices for Aerospace & Defense, Rail, Medtech, Security, Telecom, and Automotive customers. Acquired by Scanfil Oyj in January 2026.

Ownership category

akta.pro rank

Product category

Electronics Manufacturing Services

NAICS

Navigational, Measuring, Electromedical, and Control Instruments Manufacturing (33451), Navigational, Measuring, Electromedical, and Control Instruments Manufacturing (3345), Electrical Equipment Manufacturing (3353)

SIC

Electrical Industrial Apparatus (3620), Instruments For Meas & Testing Of Electricity & Elec Signals (3825)

akta.pro primary industry

Ruggedized/Harsh-Environment Electronics Manufacturing (IP-rated, shock/vibration, wide-temp) (IMAGAGAF)

akta.pro secondary industries

Industrial Safety & Security Electronics Manufacturing (Safety relays, E-stops, light curtains, access control) (IMAGAGAG), Automotive & Industrial-Grade IDMs (HDAHAAAI), General-Purpose Logic & Microcontrollers (MCU/MPU) (HDAHAAAA)

Keywords

• Electronic manufacturing services
• Printed circuit board assembly
• Aerospace electronics manufacturing
• Rail electronics manufacturing
• Contract electronics manufacturing

Headquarters

HQ city

Cortona

HQ country

Italy

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Operations, Supply Chain, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Electronics Manufacturing Services (EMS): Core revenue stream from contract manufacturing of printed circuit boards and electronic devices for industrial clients (Aerospace & Defense, Medtech/Life Science, Rail, Security, Telecom, Automotive, Media). EUR 120 million in 2025 turnover with 21.9% YoY growth and 49.7% comparable EBIT improvement. About 40% of 2025 turnover came from Aerospace & Defense.
2. Engineering and design services: Revenue from custom electronic design, hardware engineering, software development, prototyping, industrialization, reverse engineering, EMC testing, and obsolescence management.
3. Own-product sales (Wide Range Power Supply, Door Control Unit, Test Bench): Sales of own OEM products such as the Wide Range Power Supply for railways (multiple isolated outputs, 24-110V input, ~120W), Electronic Door Control Unit, and Railways Units Test Bench.
4. After-sales services (re-engineering, obsolescence management, repair): Recurring post-sale services: re-engineering/redesign of circuit boards, PCN/EOL obsolescence monitoring, repair and failure analysis, breakdown analysis.

Pricing tiers

Go-to-market motion1 record

Core offering

MB Elettronica is an Italian Electronics Engineering and Manufacturing Services (EEMS) provider that designs, develops, and manufactures electronic boards, electronic equipment, and test equipment for industrial customers. The company offers a full life-cycle portfolio including SMT/PTH board assembly, ISO 8 clean-room assembly, cable and harness manufacturing, hardware/software engineering, prototyping, and after-sales lifecycle services (re-engineering, obsolescence management, repair), delivered primarily to the Aerospace & Defence, Rail, Medtech, Security, Telecom, Media and Automotive sectors. It also markets its own branded products such as railway power supplies, door control units and test benches.

Product overview

MB Elettronica is an Italian Electronics Engineering and Manufacturing Services (EEMS) provider operating for over 50 years, offering a single integrated portfolio rather than a multi-product platform. The offering combines a full SMT/PTH electronic board production capability (the SMD/SMT Assembly Service, PTH Assembly, ISO 8 Clean Room Assembly, Cables and Cabling Manufacturing, Special Processes including coating/underfilling/reballing, and Test Services) with a complete product life cycle spanning design, prototyping, production, maintenance, repair and after-sales (Rapid Prototyping, Engineering Services for hardware and software, After-Sales Services with re-engineering and obsolescence management). On top of this industrial base, MB Elettronica markets its own branded electronics products, notably the Wide Range Power Supply, the Electronic Door Control Unit and the Railways Units Test Bench, and undertakes bespoke engineering builds such as the MCPM (Marx Cell Power Module) modules for CERN. The portfolio is delivered across vertical sectors including Aerospace & Defence, Rail, Telecommunications, Security, Media and Automotive, and as of January 22, 2026 the company has been acquired by and is part of Scanfil plc.

Differentiator

Problem solved

Functional benefit

Products and services

• SMD/SMT Assembly Service Surface-mount device assembly on 4 automatic lines with a throughput of 200,000 components per hour, including loader, screen print, pick-and-place, 10 top/10 bottom zone convection oven with nitrogen pads, 3D AOI, un-loader, and Zevac X-ray inspection; includes tape-and-reel SMD component supply service.
• PTH Assembly (Through-Hole Technology) Through-hole assembly with Sn/Pb and lead-free alloys, including 1 wave solder with Sn/Pb, 1 wave solder with lead-free alloy, 1 selective solder with top/bottom preheating and dual nitrogen pads, assembly of Press-Fit connectors, and structural bonding.
• Clean Room Assembly (ISO 8) Dedicated ISO 8 (US Fed Std Class 100,000) clean-room equipped with automatic screen printing, pick-and-place, 1 SMD line with SLC509 vapour phase oven, and THT assembly workstations. Space-qualified for aerospace and defence applications.
• Test Services (ICT, Functional, Burn-in) ICT, J-TAG, Boundary Scan, Flying Probe, board testing on HP, SEICA and SPEA platforms, custom functional testing, and active/passive burn-in, with full lot traceability on ingoing/outgoing parts and personnel log files for every production phase.
• Cables and Cabling Manufacturing Cutting, winding and automatic crimping machines, connector molding, mechanical assembly and semi-automatic product integration for cables and harnesses; Nadcap-accredited for cables and harnesses production.
• Special Processes (Coating, Underfilling, Reballing) Post-assembly special processes including conformal coating, BGA underfilling, and reballing, supported by Nordson Asymtek automatic coating line.
• Hardware & Software Engineering Services Specification analysis, schematic design with dedicated CAD (e.g., Orcad), digital and power supply board design, PCB design/routing, EMC testing, board mechanics and enclosure design, documentation. Software engineering includes requirements analysis, configuration management, architecture design, coding, integration and qualification testing across MCU architectures (Microchip, Atmel, ST, Freescale/NXP, ARM) and OS targets (Linux Embedded, Yocto Project, Microsoft Windows, iOS, Android).
• Wide Range Power Supply MB Elettronica's own branded configurable power supply for railway applications. Multiple isolated outputs, input voltage 24 V to 110 V, approximately 120 Watts output power.
• Electronic Door Control Unit New railway door control unit composed of a power supply board and a digital board. Controls push buttons for door open/close, acquires infrared sensor signal for people presence detection, manages a switch for door-closed detection, drives a brushed electric motor with PID control via incremental encoder, and performs diagnostics on all I/Os. Software integrity level SIL 0.
• Railways Units Test Bench Railway units test bench built on a rack system with 2 programmable power supplies, PXI-1042 chassis with DAQ/Digital I/O/DMM, 11 relay modules (32 channels, 2 A), 1 relay board (8 channels), 2 load boards, 1 MVB/WTB communication switch board, 1 PWM signal conditioning board, 1 USB barcode reader, industrial PC running NI LabVIEW and NI TestStand.
• Relay Board for Tests (Wireless/Ethernet/USB) 32-channel relay board controllable and configurable via Ethernet, Wi-Fi or USB, with webserver-based configuration. Supports up to 255 boards on the same network and enables standalone test benches; single board can be connected to PC or tablet for troubleshooting tests.
• MCPM (Marx Cell Power Module) Custom modules produced for CERN's LHC proton accelerator converter upgrade, providing high-current pulses to magnets using very specific and sophisticated technologies.
• After-Sales Services (Re-engineering, Obsolescence Management, Repairs) Re-engineering and re-design of circuit boards, monitoring of components at obsolescence risk via PCN/EOL management, repairing services and breakdown analysis; workflow includes documentation analysis, obsolescence analysis, regulatory compliance analysis, interchangeability analysis of obsolete components, and development/update of documentation in cooperation with the customer.
• Rapid Prototyping Rapid prototyping of SMT and PTH printed circuit boards as part of the design-prototyping-production-maintenance-repair product life cycle, including improvement proposals and materials management.

Quantifiable outcome

• EUR 120 million turnover in 2025
• +4 more outcomes

Named customers4 records

Segments7 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability1 record

Feature3 records

Partnerships

Twelve partnerships are on record, tiered core, flagship and minor.

• Polo Universitario AretinocoreStrategic or Co-development Partner · 30 December 2020MB Elettronica signed an agreement (December 2020) joining the Comitato di Indirizzo of the Polo Universitario Aretino to develop synergy between higher education and industry needs for young talent in the Arezzo area.
• Knorr-Bremse (Systeme für Schienenfahrzeuge GmbH and Knorr-Bremse Rail Systems Italia)flagshipStrategic or Co-development PartnerLong-term collaboration since 1999 in the design and manufacture of electronic railway systems. MB was twice named Supplier of the Year (2016) and Preferred Supplier (2020-2021). MB is among the few Italian EMS companies with IRIS certification, the international railway sector quality standard.
• Selex Galileo (Finmeccanica Group)coreStrategic or Co-development PartnerAerospace and defence customer recognised by MB with a Best Supplier "Innovation Award" in 2012. Supplier relationship in defence electronics anchored in MB's aerospace and defence vertical.
• Università degli Studi di SienacoreImplementation/ SI/ Consulting PartnerResearch partner on the CIDCABIP project (POR FESR Toscana 2014-2020, EUR 114,817.50 financial support; 2017-2019). The project involves creating a system for collecting and analysing product lifecycle data using machine-learning in the field of professional audio, with MB as industrial partner alongside the university.
• Università degli Studi di Firenze (IWES 2023)minorStrategic or Co-development PartnerMB Elettronica participated in the 8th Italian Workshop on Embedded Systems (IWES 2023) from 4-5 September 2023 at Università degli Studi di Firenze (Auditorium B, Plesso Didattico Morgagni). Engagement supports recruitment and brand visibility in the Italian embedded systems ecosystem.
• CERN (European Organisation for Nuclear Research)flagshipStrategic or Co-development PartnerMB Elettronica was accredited in March 2019 as a supplier to CERN and won an international tender to produce MCPM (Marx Cell Power Module) for the converters of the LHC proton accelerator. Modules deliver high-current pulses to magnets using very specific and sophisticated technologies.
• Fondazione I Bambini delle FateminorGTM or Marketing PartnerCharity partnership supporting projects for children and young people with autism and disabilities and their families, financed through the foundation.
• A.C. FiorentinaminorGTM or Marketing PartnerSponsorship of the Italian football club A.C. Fiorentina; part of MB's ongoing support of sport associations.
• Godo BaseballminorGTM or Marketing PartnerSponsorship of Godo Baseball (Italian baseball team); part of MB's ongoing support of sport associations.
• Fondazione Ospedale Pediatrico MeyerminorGTM or Marketing PartnerAnnual Christmas fundraising partnership with personnel contributions supporting pediatric research at Ospedale Pediatrico Meyer in Florence.
• Gruppo GalganominorImplementation/ SI/ Consulting PartnerTraining partner delivering 100+ hour course in Industrial Engineering and Change Management to a selected team of young MB staff, in collaboration with Gruppo Galgano (2020).
• Università degli Studi di Firenze (8th IWES 2023 workshop)minorOthersMB Elettronica will participate in the 8th Italian Workshop on Embedded Systems (IWES 2023) from 4-5 September 2023 at Università degli Studi di Firenze.

Scale indicators14 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Inission AB: Swedish industrial EMS with design, manufacturing, and after-sales capabilities serving industrial, medtech, and defence customers. Comparable in scale and service breadth to MB Elettronica.
• Kitron ASA: Norwegian EMS company with strong defence, energy/telecoms, and medtech exposure. Operates a multi-site European manufacturing footprint and competes for similar aerospace/medtech programmes as MB Elettronica.
• Hanza AB: Swedish EMS provider offering design, manufacturing, and after-sales services across industrial, medtech, and cleantech verticals. Comparable mid-market European EEMS player with similar full-lifecycle service model.
• Cicor Technologies: Swiss-headquartered EMS group serving aerospace, defence, medical, and industrial customers with a comparable EEMS (engineering + manufacturing) model and similar mid-market European footprint. Closest functional peer to MB's design-through-after-sales offering.
• Note: Various European EMS with aerospace/medtech focus: Swedish-headquartered EMS group (Note AB) serving industrial, medtech, and defence customers across Northern Europe. Comparable mid-market European contract manufacturer with vertically-specialised customer mix.

Broad incumbents

• Scanfil Oyj: Finnish publicly-listed EMS provider that acquired MB Elettronica in January 2026 for up to EUR 123M. Scanfil now owns MB as a wholly-owned subsidiary focused on Aerospace & Defence and Medtech, making it the most direct parent-level comparable in the European EEMS landscape.
• Note: Various global EMS giant: US-headquartered global EMS giant serving aerospace, defence, medical, and industrial customers at materially larger scale than MB. Represents the upper-bound competitive benchmark in customer RFQs and partner negotiations.

Others

• Note: Various Italian/European rail-electronics suppliers: Knorr-Bremse (MB's flagship rail customer) and the broader ecosystem of rail signalling/electronics suppliers are not direct EMS peers but represent the customer ecosystem in which MB's IRIS-certified rail business competes for design wins.
• Note: Various global EMS with medtech focus: Global EMS provider (Flex Ltd) with significant medtech and industrial exposure and a broad global footprint. Competes with MB for larger multi-region medtech programmes.

Emerging players

• Note: Various Italian embedded/electronics specialist: Italian-listed provider of embedded electronics, IoT, and edge-computing platforms for industrial, transportation, and defence customers. Adjacent (rather than directly competitive) but comparable in Italian scale and regulated-vertical focus.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xtwitter.com/intent/follow?hashtag=MBelettronica
• Facebookfacebook.com/policies/cookies
• LinkedInlinkedin.com/company/mbelettronica

Compliance17 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about MB Electronica