Komax continues to invest in taping technology

Komax Holding AG / Komax continues to invest in taping technology . Processed and transmitted by Nasdaq OMX Corporate Solutions. The issuer is solely responsible for the content of this announcement.

Komax is continuing to strengthen its position in taping technology by acquiring Kabatec GmbH & Co. KG. The two companies signed a sales agreement on Friday 20 May, and the sale is likely to be completed in June 2016.

Kabatec is a young technology company in Burghaun, Germany. It employs over 30 people and focuses on the development and production of high-performance cable taping technologies. Komax and Kabatec have been working in a strategic partnership for several years already.

The aim of this acquisition and the takeover of German company Ondal Tape Processing GmbH announced in March 2016 is to amalgamate and make more efficient use of innovation in taping technology so that customers can benefit from the ongoing development of cable harness taping and bundling solutions.

The Komax Group is a global technology company that focuses on markets in the automation sector. As a leading manufacturer of innovative and high-quality solutions for the wire processing industry, Komax helps its customers implement economical and safe manufacturing processes, especially in the automotive supply sector. The Komax Group employs around 1 400 people worldwide and provides sales and service support via subsidiaries and independent agents in around 60 countries.

The media release can be downloaded from the following link:

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Komax Holding AG
Industriestrasse 6 Dierikon Switzerland

WKN: 1070215 ;ISIN: CH0010702154;