ARaymond acquisitions expand its fastening and assembly capabilities for mobility, industrial sectors

Posted On Thursday, 16 December 2021 00:10 Written by
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ARaymond's recent acquisitions will expand its capabilities for fasteners and assembly in the automotive space ARaymond's recent acquisitions will expand its capabilities for fasteners and assembly in the automotive space Photo courtesy of ARaymond

ARaymond, an international automotive leader in fastening and assembly solutions, has announced the acquisition of CGA Technologies, an Italian manufacturer of high performing thermal cooling plates. This step follows the acquisition in early October of Castello Italia S.p.A., a company specializing in plastic tube extrusion for pneumatic applications within transportation and specific industrial market segments.

These acquisitions are not just about broadening the ARaymond product offering, but about scaling up complete and tailor-made plug-and-play solutions. The goal is to design and deliver optimized thermal management systems within the mobility and selected industrial sectors.

“As a leader of fastening and assembly solutions for more than 155 years, we continuously strive to reinvent ourselves and stay ahead in the fast-moving markets that we operate in. The automotive industry is shifting to electric and autonomous vehicles, and we want to actively contribute to this extraordinary transition. To meet our customers' evolving demands, we have a clear vision that agility and time to market are critical and that our customers are expecting complete solutions. For all these reasons, the acquisitions of CGA Technologies and Castello Italia S.p.A, are an ideal fit.  

“With this expansion, we are building up our Network to create sustainability for the future. This includes putting the well-being of our collaborators and the protection of our environment at the forefront of our priorities for our future generations.  We want to provide a service and product offering of the highest quality, that meets both our customers and employees demands for long-term growth and sustainability,” said Antoine Raymond, ARaymond CEO.

— Press release courtesy of ARaymond

 

Matt M. Myftiu

Matt Myftiu has been a journalist for two decades with a focus on technology, NASCAR and autos.

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