Product category:
PCB Assembly Equipment and Tools
News Release from: Contax
Edited by the Electronicstalk Editorial
Team on 14 April 2005
Acquisition expands workstation
portfolio
Production automation specialist Contax is extending its product portfolio following Komax Group's acquisition of Sigma, a manufacturer of semi-automated workstations.
Production automation specialist Contax is extending its product portfolio following Komax Group's acquisition of Sigma, a manufacturer of semi-automated workstations Contax, a long-standing and exclusive supplier of Komax equipment, can now offer a full range of workstations from fully automatic to semi-automated, to suit all budgetary and performance requirements
This article was originally published on Electronicstalk on 14 Apr 2004 at 8.00am (UK)
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Earlier this month, Komax announced that it is to acquire Sigma from Bossard.
Sigma is active mainly in small-scale systems, manufacturing transfer systems and mechanised assembly workstations.
The acquisition marks a strategic move by Komax to continue growing its system business and to fill gaps in the market.
Komax Holding is financing the acquisition completely from its own funds.
Sigma, founded in 1962, will generate sales of CHF 11 million in 2004 with very satisfactory profits.
The company, with its 40 employees, has been part of the Bossard Group for the past ten years.
Sigma will continue to operate under the current management.
The worldwide presence of Komax will enable Sigma to expand its customer base.
In particular, the manumation market is set to grow in the foreseeable future.
Following the takeover of a Swiss firm in 1998 and two US firms in 2000 and 2001, the acquisition of Sigma marks a further step in the expansion of the Komax Group's system business (assembly automation and fully automated manufacture of entire wire harnesses).
These businesses are expected to witness above-average growth owing to a number of trends: the spread of miniaturisation, ever more stringent quality specifications and rising wage costs, the outsourcing of in-house systems business to specialised firms, and the integration of the manufacturing and testing steps in the assembly process.
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