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LMT Group changes name to Pronect

LMT Group, a group of independent industry companies employing more than 350 people, announces today that it is changing its name to Pronect. With the name change, Pronect is leveling up its ambition to push industry forward and create whole new opportunities for its subsidiaries, customers, and employees.

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Elcowire acquires KME’s Rod and Wire Business

Elcowire has entered into an agreement to acquire KME’s Rod and Wire assets and business located in Hettstedt, Germany with 180 employees. For Elcowire this means a doubling the capacity to 300’000MT for Copper Rod and adding a large share of the market with a wide range of capabilities for Wire & Strands solutions.

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Bufab acquires Tilka Trading AB

Bufab has acquired all outstanding shares in the Swedish company Tilka Trading AB (“Tilka”), with annual sales of approximately SEK 50 million.

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Bufab acquires Jenny I Waltle GmbH

Bufab has acquired all outstanding shares in the Austrian company Jenny I Waltle GmbH (“Jenny I Waltle”), with annual sales of approximately EUR 19 million.

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Bufab acquires Component Solutions Group, Inc.

Bufab has entered into an agreement to acquire all outstanding shares in the US company Components Solutions Group, Inc, (“CSG”), with annual sales of approximately USD 30 million.

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