◂ Announcements

Jul 5, 2022ACQUISITION

SAMP sells 45% stake in SETIC to GAUDER & CO

SAMP reached agreement to sell a 45% stake in SETIC to GAUDER & Co. As part of the deal, SETIC transfers some of its POURTIER low and medium voltage business to SAMP, and SAMP gains exclusivity to produce and sell POURTIER machines for low and medium voltage under the SAMP POURTIER brand.

Status

Announced

Productswire and cable machinerylow and medium voltage machineshigh speed stranders

CompaniesSAMP SETIC target GAUDER & CO acquirer

Sectors#Industrial Machinery

“This is a big step for both of our companies. It allows each firm to better serve its customers without losing any of the benefits of our complimentary products and services.”sampgroup.com

2 sources
sampgroup.comSAMP and GAUDER & CO have closed the deal announced during the WIRE showJul 5, 2022
wirenet.orgSAMP SETIC POURTIER Agreement Reshapes PortfolioWJI staff, wire servicesAug 1, 2022

Summarized from public sources; check the original articles before acting on it.

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