Elettrotek Kabel Spa (EK), through its subsidiary Elettrotek Kabel North America Inc., has completed the acquisition of Associated Wire Products (AWP), a Canadian leader in automation cables. Founded in 1987 with its headquarters in Burlington, Ontario (Canada), AWP specialises in providing special cables for industrial sectors. With this acquisition, Elettrotek Kabel Group continues its growth in strategic sectors such as industrial automation. The acquisition of AWP allows the expansion of EK’s presence in these markets by providing customers with excellent technical and commercial support.
EK was assisted by Baldi & Partners of Reggio Emilia, with a team led by partners Francesca Baldi, attorney-at-law, for the legal advisory; and Saimon Conconi, CPA, for the fiscal advisory, assisted by Devry Smith Frank LLP of Toronto.
Announcing the acquisition, EK President and CEO Roberto Gallingani explained: “The addition of AWP to our group represents an excellent value-add for Elettrotek Kabel Group’s Cables Automation division in the Canadian markets. We believe this is a strategic acquisition that will also allow AWP to continue expanding its capabilities while benefiting from the technical expertise and global footprint of Elettrotek Kabel Group”.
Nicola Malaguti, President and CEO of Elettrotek Kabel North America Inc. noted: “Elettrotek Kabel has established another important milestone. We are confident that with this acquisition our presence in North America will continue to grow. AWP perfectly fits with the group, embracing the same business model and goals. This investment is essential to support the Canadian customers and it confirms that Elettrotek is a leader in the cable industry”.
Image source: Courtesy of Elettrotek Kabel
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