Kemppi acquisition strengthen its position in welding aftermarkets
Kemppi has acquired 100 percent share of Italian welding torch manufacturer Trafimet Group S.P.A. The contract was signed in Italy on 1stMarch, with both companies will continue as separate businesses.
”Kemppi has a strong growth strategy and the acquisition is a natural part of that. The businesses and competencies of the two companies complement each other well and Trafimet’s product range strengthens Kemppi’s position especially in the aftermarkets of the welding business”, says Ville Vuori, CEO, Kemppi Oy.
The acquisition brings in a company with a strong position especially in the welding torch and consumable aftermarkets. In addition to the torches, the Trafimet product range includes welding accessories such as welder’s safety products. The company has a long history and its brands Trafimet, Sacit and Ferro hold an established position in the market.
“Having a strong European actor in the welding industry with us will benefit both companies in the future”, says Attilio Imi, CEO of Trafimet Group. “Trafimet and Kemppi continue to serve their own customers, but I believe that being under the same ownership will bring sourcing and logistic synergies. An owner with a long history in the welding market will be able to offer good development possibilities also in the long run and support our growth strategy.”
The acquisition does not have direct personnel effects or immediate changes in the organisation or operations of either company. Trafimet has been a supplier for Kemppi for several years and the sourcing cooperation will be strengthened further after the acquisition.
Kemppi is a pioneering company within the welding industry. Its role is to develop solutions that make you win business. Headquartered in Lahti, Finland, Kemppi employs over 600 welding experts in 13 countries and has a revenue of more than 120 M euros. The company’s offering includes welding solutions, i.e. intelligent equipment, welding management software and expert services, for both demanding industrial applications and ready-to-weld needs. Local expertise is available via a global partner network covering over 60 countries.
Trafimet Group has been in the welding market for over 40 years, during which time it has been known throughout the world for the reliability of its products. The company is focused on quality, innovation, service and staff development. Trafimet Group offers a complete and wide range of products dedicated to the world of welding, through its two brands Trafimet, Sacit and Ferro. Headquartered in Italy, Trafimet employs over 200 people and has a turnover of more than 30 M euros. Trafimet has a network of affiliates and selected partners worldwide.