LEMO acquires custom cable manufacturer Northwire

Alexandre Pesci, CEO and President, LEMO Group, says: "The acquisition of Northwire will enlarge the LEMO offering, providing a complete cable-connector solution to our valued customers. I am convinced that by creating synergy between our two companies, we can grow and prosper side-by-side. Together we will be able to provide our customers high-quality complete cable-connector solutions. I am very pleased about this new venture with NWI and look forward to developing new business together. I also take the opportunity to emphasize that the Northwire and LEMO existing structures will remain unaltered. The additional processes that we plan to implement will enable Northwire's integration into the Group and promote our cooperation and services provided to our mutual customers."

LEMO and NWI were founded on product innovation three generations ago. Today, both companies consistently deliver progressive inventions through rapid response manufacturing. At the same time, they offer excellent levels of service excellence and on-time shipping performance. Engineer and inventor Mr L©on Mouttet started LEMO in 1946, then patented the Push-Pull Self-Latching mechanism. Throughout the second generation of leadership, Mr Marcello Pesci, who envisioned the alignment of his organisation with a custom cable manufacturer, committed to the goal of creating best-in-class technology on a global scale. Currently, LEMO's third generation of leadership, Mr Alexandre Pesci, is the architect of his predecessors' vision; he is responsible for new technology, market diversification and integrating custom connectors and cables on a global platform.

Katina Kravik, CEO of Northwire, Inc, says: "LEMO has achieved a world-wide reputation for high-quality, leading-edge connectors and we are truly proud to become an integral part of their team. LEMO's field-proven custom connectors revolutionize NWI's suite of offerings that evolved in our past 43 years, originating from wire, cable, retractiles, value-add to cable assemblies. Equally focused on satisfying our customers, LEMO and NWI look forward to acquiring new customers and serving our loyal customers' needs for engineered solutions and service excellence well into the future."

Sharing Mr Mouttet's engineering and entrepreneurial spirit, Northwire founder Mr Ormund Kravik pursued many business opportunities before identifying the market demand for custom technical wire and cable in 1972, when he started NWI. During Mr Mark Kravik's second generation of leadership, he established the industry benchmark for quality, on time shipping and no minimum order quantity requirements in his efforts to achieve service excellence. While continuous improvement via company-wide professional development and robust engineering challenges are hallmarks of Northwire's third generation, Mrs. Katina Kravik is excited about Northwire's future with LEMO and remains steadfast in their mutual commitment to every customer.

LEMO and NWI will focus on joint value creation for the benefit of all their valued customers, while continuing to maintain their high standards of quality and service that the customer expects.

For further information about the acquisition of Northwire, Inc., please visit www.LEMO.com.