Megadyne accelerates international growth
1st Quarter 2018
News & events
Megadyne has further strengthened its growth on international markets through the acquisition of some important players in the field of power transmission. Founded in 1957, this Italian company is a world-leader in the development, production and distribution of rubber and polyurethane transmission belts, matched components, complete belt systems and other complementary products. Three new companies have joined the group. Ave in Spain specialises in the development and production of chains, belts, guides and components in stainless steel and new high-performance materials. With headquarters and factories in Barcelona, Ave products have multiple applications in industrial sectors, such as bottling, packaging, cosmetics and automotive. Megabelt is a leader in the distribution of transmission belts and conveyor belts in the Israeli market. Its range of products includes complete lines of machinery for the production of V-belts in rubber and toothed belts. Bandas Cimexa is a distributor of power transmission systems in Colombia.
The new acquisitions in Spain, Israel and Colombia come on top of the one completed in July 2017 which involved Sacif, an Italian leader in the production and marketing of special conveyor belts and toothed belts used in the industrial automation sector. This extension of its corporate structure has provided Megadyne with a further competitive advantage, determined by the expansion of its product range and geographical areas of reference, allowing the company to present itself successfully in new markets.
For more information contact Patrizio Trevisan, Megadyne South Africa, +27 (0)12 661 1652, [email protected], www.megadynegroup.com
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