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DELFINGEN Industry — M&A Activity 2013
Sep 12, 2013
1252_iss_2013-09-12_bad6edfb-deb1-4cfd-94ad-49a075d37fb7.pdf
M&A Activity
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DELFINGEN acquires the company KARTAR WIRE INDUSTRIES and expands its footprint in Asia
Delfingen Industry SA ("Delfingen"), the global supplier of electrical wiring protection systems, is pleased to announce the acquisition of the Indian company Kartar Wire Industries Pvt Ltd, based in Pune ("Kartar").
Kartar, founded in 1981, is a renowned manufacturer of plastic extruded tubing, profiles and sleeves used in the protection of electrical wiring harnesses and the fastening of car seat covers.
Kartar, with sales revenue of € 3.5M, has 2 manufacturing locations, located in Pune (Maharashtra) and Gandhinagar (Gujarat), supplying major OEMs and automotive tiersuppliers in India.
The acquisition of Kartar is an important step in Delfingen's strategy to speed up its development in Asia and to strengthen its leading position in automotive wiring harness protection solutions, while supporting its local and international customer base on the fast growing Indian market.
About Delfingen :
Delfingen (Euronext: DELF) is a global leading manufacturer of protection systems, fluid transfer solutions and assembly technologies, working closely with carmakers, automotive suppliers and other OEM's. Delfingen operates in 18 countries, employs 1,400 people worldwide, with sales revenue of € 122 M in 2012.
Global automotive supplier of protection systems, fluid transfer solutions and assembly technologies
Euronext Paris, C compartment – ISIN code: FR 0000054132 – Mnemonic: DELF Next press release: 09/23/2013: 2013 first half-year results Contact: Mr. Bertrand Sarrere : +33 (0)3.81.90.73.00 – www.delfingen.com