# KUK Group acquires Wijdeven from Phoenix Mecano

KUK Group AG took over the shares of Wijdeven from Phoenix Mecano AG, effective May 31, 2018. The acquisition aims to leverage KUK's expertise in serial production of coils and transformers for Wijdeven's operations in the Netherlands.

- Type: Acquisition
- Announced: 2018-05-31
- Where: Netherlands, Netherlands
- Status: completed
- Products: coils, transformers
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [KUK Group AG](https://endata.com/companies/18675.md) (acquirer)
- [Wijdeven](https://endata.com/companies/18676.md) (target)
- [Phoenix Mecano AG](https://endata.com/companies/18677.md) (partner)

## Sources

- [brainportindustries.com](https://www.brainportindustries.com/en/members/news-from-members/takeover-wijdeven-by-the-kuk-group-switserland), 2018-05-31: "As of May 31 2018 KUK Group AG - CH will take over the shares of Wijdeven from Phoenix Mecano AG."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.