Megadyne: three new acquisitions

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During all 2017, Megadyne went on with its project of development with the aim of expanding its range of products and opening up to new markets. Consistent with this strategy, the company announced three new acquisitions, finalised in December 2017: Ave, Megabelt and Cimexsa. Ave Group, in Spain, is active in the production and marketing of metal and plastic chains; Megabelt is operating in the distribution of power transmission and conveyor belts in the Israeli market, while Cimexsa is a distributor of power transmission systems in Colombia. These acquisitions follow the previous one in July when Sacif, an Italian company specialized in the reworking and sale of conveyor belts and special toothed belts, joined the Megadyne Group. “The further diversification in terms of range of products and geographical areas is an important advantage in order to strengthen our position as leader in the market of power transmission systems”, commented the company.