Molex Incorporated, a global manufacturer of complete interconnect solutions, announced today the signing of a binding agreement to acquire Flamar Cavi Elettrici S.r.l. The Italy-based Flamar designs and manufactures a broad range of custom cables for multiple markets and applications.
Founded in 1976, Flamar provides a comprehensive portfolio of cable solutions for industrial automation, robotics, broadcast audio/video, and telecommunications applications. Specializing in producing high-flex, multi-core cable featuring 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.
According to Tim Ruff, Molex senior vice president of business development and corporate strategy, the acquisition will help expand Molex cabling product offerings for machine and process control in the industrial automation and robotic industries.
"Flamar has an outstanding reputation as a trusted and reliable provider of high quality cable solutions for assembly lines, conveyors-anywhere industrial connectivity is required," states Ruff. "Their cable design strengths and European customer base in machine building and robotics align well with our global capacity to meet demand in these key markets."
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 3rd quarter 2014. Terms were not disclosed.
