Komax Continues to Invest in Wire Taping Technology
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. The company employs over 30 people and focuses on the development and production of high-performance cable taping technologies. Komax and Kabatec have already been working in a strategic partnership for several years.
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.