Volex Group acquires GTK
December 11, 2018 / Press Release , Company Update
Volex, the global provider of cable assemblies have announced the acquisition GTK (Holdco) Ltd “GTK”.
Volex is one of the world’s leading manufacturers of power products and interconnect solutions boasting 10 factories around the globe, producing products including leading edge high speed copper cables, Electric Vehicle cables, custom harnesses, as well as the traditional power cord.
John Morath, Managing Director of GTK, stated, "We believe that Volex shares GTK’s values and strategic vision for its customers and markets, with robust commitment to quality and service. While GTK will continue to operate as a stand-alone business, we are excited about the new opportunities this acquisition brings to our customers."
Nat Rothschild, Executive Chairman of Volex, noted that GTK brings new customers and a highly skilled European based sales and engineering teams and innovative new products to the group. In addition, he is very pleased that the group is now back manufacturing in the UK.