Volex Silcotec Acquisition Strengthens Cable Assembly Strategy
Volex, a U.K.-based manufacturer of standard and custom cable assemblies, has agreed to acquire Silcotec, a cable harness specialist, in a deal valued at nearly £16 million. This Volex Silcotec acquisition supports the company’s strategy to expand and consolidate the fragmented cable assembly market.
Learn more about the companies at their official websites: https://www.volex.com and https://www.silcotec.com.
The combined cash and stock transaction will help Volex grow its footprint in Europe while strengthening its manufacturing capabilities. The move follows Volex’s recent acquisition of U.S.-based MC Electronics, a deal valued at up to £2.6 million, which further reinforces its expansion strategy.
Expanding Medical Manufacturing Capabilities
Silcotec, based in Ireland, specializes in cable assemblies, harnesses, and box builds for the medical industry. The company operates a Centre of Manufacturing Excellence in Komarno, Slovakia, offering approximately 65,000 square feet of production space.
Silcotec delivers flexible subcontract manufacturing solutions and continuously improves its systems to meet specific client requirements. This capability aligns with Volex’s goal to enhance efficiency and serve a broader range of industries.
Volex Chairman Nat Rothschild highlighted the importance of the deal, stating that the acquisition marks a key step in expanding the company’s cable assembly operations in Europe.
