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The Board of Directors in Bufab AB (publ) ("Bufab") has appointed Erik Lundén as the new President and CEO of Bufab. Erik, currently Division President for Parts & Services at Sandvik Mining & Rock Solutions in the Netherlands, will assume his role on 15 August 2022.
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.
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.
Bufab has acquired all outstanding shares in the Swedish company Tilka Trading AB (“Tilka”), with annual sales of approximately SEK 50 million.
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.