Komax strengthens position in taping technology

Komax Holding AG / Komax strengthens position in taping technology . Processed and transmitted by Nasdaq OMX Corporate Solutions. The issuer is solely responsible for the content of this announcement.

Komax is strengthening its position in the taping technology segment by acquiring Ondal Taping Processing. The move also further consolidates the company's standing as a total solution provider to the wire processing industry.

Founded 35 years ago, Ondal Taping Processing employs about 20 people and is a global leader in the development of machinery for the user-guided and program-controlled bundling and taping of wire harnesses. The company is based in Germany.

By acquiring Ondal, Komax is further expanding its Wire business unit's position as a supplier of sophisticated solutions for every stage of its customers' value chain.

The Komax Group is a global technology company that focuses on markets in the automation sector. As a leading manufacturer of innovative and high-quality solutions for the wire processing industry and systems for the assembly of self-medication instruments, Komax helps its customers implement economical and safe manufacturing processes, especially in the automotive supply and pharmaceutical sectors. The Komax Group employs around 1 600 people worldwide and provides sales and service support via subsidiaries and independent agents in around 60 countries.

The media release can be downloaded from the following link:

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Komax Holding AG
Industriestrasse 6 Dierikon Switzerland

WKN: 1070215 ;ISIN: CH0010702154;