LEMO acquires custom cable manufacturer Northwire
“The acquisition of Northwire will enlarge the LEMO offering, providing a complete cable-connector solution to our valued customers. I am convinced that by creating synergy between our two companies, we can grow and prosper side-by-side. Together we will be able to provide our customers high-quality complete cable-connector solutions”, said Alexandre Pesci, CEO and President of the LEMO Group in a statement, adding that the Northwire and LEMO existing structures would remain unaltered.
LEMO and NWI were founded on product innovation three generations ago. Today, both solution providers consistently deliver progressive inventions through rapid response manufacturing. At the same time, they offer unparalleled levels of service excellence and on-time shipping performance. Engineer and inventor, Mr. Léon Mouttet started LEMO in 1946, then patented the Push-Pull Self-Latching mechanism. Throughout the second generation of leadership, Mr. Marcello Pesci, who envisioned the alignment of his organization with a custom cable manufacturer, committed to the goal of creating best-in-class technology on a global scale. Currently, LEMO’s third generation of leadership, Mr. Alexandre Pesci is the architect of his predecessors’ vision; he is responsible for pioneering new technology, market diversification and integrating custom connectors and cable solutions on a global platform.
“LEMO and NWI look forward to acquiring new customers and serving our loyal customers’ needs for engineered solutions and service excellence well into the future”, expresses Katina Kravik, CEO of Northwire.
Sharing Mr. Mouttet’s engineering and entrepreneurial spirit, Northwire founder Mr. Ormund Kravik pursued many business opportunities, before identifying the market demand for custom technical wire and cable in 1972, when he started NWI. During Mr. Mark Kravik’s second generation of leadership, he established the industry benchmark for quality, on time shipping and no minimum order quantity requirements in his efforts to achieve service excellence.
Visit LEMO at www.LEMO.com
If you enjoyed this article, you will like the following ones: don't miss them by subscribing to :
