Volex completes DE-KA acquisition
Feb. 17, 2021
Volex has today successfully completed its acquisition of De-Ka Elektroteknik Sanayi ve Ticaret Anonim Şirketi (“DE-KA”), following approval by the Turkish Competition Authority.
DE-KA is one of the leading power cord producers in Europe, headquartered in Kocaeli, Turkey, with three production facilities and approximately 450 employees. Like Volex, DE-KA has shown a resilient performance through the period of the Covid-19 pandemic.
DE-KA boasts best-in-class automation, full vertical integration, and a strong management team. It also offers exciting organic growth potential, providing Volex with increased market share in attractive end-market segments. The acquisition expands Volex’s presence in Europe, a key market for Volex’s capabilities, and provides additional diversity to Volex’s business.
Commenting on the acquisition, Nat Rothschild, Executive Chairman of Volex said, “DE-KA is a world-class business, and one of the two leading power cord producers in Europe. This, combined with its strong management team and impressive customer list, means it is a perfect fit with our existing business and accelerates our strategy of creating the most efficient and lowest cost global producer in the industry, providing an immediate and scalable European platform. I am delighted for our shareholders that we are completing the acquisition and look forward to working alongside the DE-KA team on the next exciting stage of Volex’s development.”
The full announcement is available here.
Reference this video to learn more about DE-KA.
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