Biggest acquisition in company history

BARTEC is continuing its aggressive growth strategy by acquiring the majority of the Italian Top Group, comprising FEAM, NUOVA ASP and FENEX. The BARTEC Group is further expanding its leading global position and is on track to achieve an annual turnover of €400 million .

To date, the acquisition of the Italian group of companies is the biggest in the almost 40 years of history of the BARTC company. This means that the BARTEC Group’s turnover volume in the field of classical explosion protection, which includes control and connection equipment as well as automation and lighting technologies, will clearly exceed €200 million by the end of the business year. As such, company is also one of the top three providers in the area of explosion protection. Furthermore, the BARTEC Group’s range of products includes explosion proof measurement and analytical technologies, electrical trace heating and electrical engineering for the mining industry.

The acquisition comes with innovative technologies such as LED lighting fixtures for use in hazardous areas is the ideal complement to the BARTEC product portfolio. Also, the product range will be expanded to include complete solutions, produced in house, in the field of exprotected aluminium and stainless steel junction boxes and electrical panels. Top Group products and solutions have proven to be effective in plant revampings as well as standard applications, especially in growth markets such as the Middle East and the Asia Pacific region.

Comments

Ralf Koster, CEO, BARTEC Group said, “this acquisition is a positive step that will further support the continuous growth of our group, as it will enable us to provide our customers with even more comprehensive turnkey solutions in the future.”

Heiko Laubheimer, CFO, BARTEC Group said, “having the Top Group on board will ideally round off our portfolio, enabling us to position ourselves a one of the leading global manufacturers of classic explosion protection.”

Edited from press release by Claira Lloyd

Read the article online at: https://www.hydrocarbonengineering.com/refining/04122014/bartec-biggest-acquisition-ever/