Following the recent acquisition of the heavy-duty connector business of Italy-based manufacturer Westec s.r.l. last May, and after acquiring the Munich-based FCT Electronics Group in August last year, Molex Incorporated, which was itself acquired by Koch Industries in November last year, is now acquiring Flamar Cavi Elettrici S.r.l.
Italy-based Flamar designs and manufactures custom cables for multiple markets and applications, including industrial automation, robotics, broadcast audio/video, and telecommunications applications. The company specializes in high-flex, multi-core cable with excellent resistance to torsion, chemicals, and welding slag; Flamar has extensive experience in manufacturing high-performance and durable cabling for sensors, measurement, controls, robotics, and machine drives.
The acquisition will help expand Molex's cabling product offerings for machine and process control in the industrial automation and robotic industries, said Tim Ruff, Molex senior vice president of business development and corporate strategy, in a press release.
Flamar will operate as a subsidiary of Molex Incorporated. The acquisition is subject to anti-trust approval and is expected to close in the calendar third quarter 2014.
— Julien Happich writes for EE Times Europe. EE Times Europe
This article originally published on EE Times Europe and is based on a press release.