In so doing, the Nuremberg cables group continues to pursue its strategy of strengthening its position in niche markets by means of acquisition.
“The Leoni Group has with this acquisition resumed its acquisition activity, which we temporarily suspended because of the economic crisis. Our objective is to expand in fast growing and profitable niche markets,” Dr Klaus Probst, President and CEO of Leoni AG, states. “This acquisition of RoMack strengthens us in both regional and technological terms.” The purchase is being executed via subsidiary FiberTech USA Inc., which belongs to the Leoni Fiber Optics unit. It specialises in business involving optical fiber.
RoMack was established in 1982 and is based in Williamsburg, Virginia. With a staff of about 40, the company generates a mid seven-digit euro sales figure. RoMack is a specialist in fiber optic system solutions for industry and science, making highly-developed products particularly for the aerospace sector, optical analysis, medical devices and industrial lasers.
Leoni’s subsidiary FiberTech USA is focused on medical laser applications. RoMack complements Leoni’s own portfolio and will enable the Company to offer its target markets in North and South America a complete range of optical technology from a single source. The registered office will be located in Chandler, Arizona, in what is known as Optics Valley. The Williamsburg facility will remain with its production, research and distribution operations.
With this takeover, Leoni Fiber Optics will be among a dozen providers worldwide with complete command of optical base technologies in development and production – from product design to preform and fiber production through to making fiber optic cables and special optical components. The Company now has more than 350 employees at premises in central Franconia, Thuringia, northern Baden, Berlin and the Rhineland in Germany as well as in the US states of Arizona and Virginia and also in Ontario, Canada.