Komax Strengthens core Wire Business by Acquiring Japanese Company MCM Cosmic KK
02 Jun 2012
Komax strengthens core Wire business by acquiring Japanese company MCM Cosmic KK. MCM Cosmic was founded in Tokyo in 1992 and currently employs 15 people. The company develops and markets wire stripping machinery.
By acquiring MCM Cosmic, Komax Wire is adding entry-segment machines and coaxial cable processing applications to its product range. The move will also give Komax Wire better access to Japanese customers.
Moreover, the Wire business unit is continuing to perform well, and Komax still expects net sales revenues for the first half of 2012 to largely equal those of the previous year.