Elettrotek Kabel SpA (EK Group) has acquired Controlcavi Industria Srl—an Italian manufacturer of fire-resistant electrical cables for the marine, onshore and offshore petrochemical industry—and the trading company that owned it.
A press release said that the deal for the business, now called CCI Cable Service, will expand the scope of the EK Group, enabling it to continue the growth path it has been on since its founding in 2001. The EK Group now has 250 employees and annual revenues topping 150 million euros in its three divisions: electrical cable production, cable harness production and assembly and its worldwide commercial distribution.
The Italian manufacturer of low- and medium-voltage cables was formed in 1981. It operated with headquarters in Bernate Ticino (MI) and Milan, under its trading company, CCI Cable Service Srl. Products from the company, which is known for its FIREBAR® fire-resistant technology, have been approved by many of the world’s largest industrial, naval and petroleum groups.
EK Group President & CEO Robert Gallingani said that CCI Cable Service represents a perfect fit as the company share its values and entrepreneurial culture. “This knowledge alignment will result into an easy integration between the two companies, with subsequent growth of the EK Group in markets where track records, approvals and 40 years of experience are fundamental.”
Gallingani said the deal also respects the will of the recently deceased sole director and owner of the CCI Cable Service group, Gianpaolo Brambilla, to continue the company’s development path pursued by two generations, to preserve the excellence achieved and company values.