Artos Engineering acquired by the Komax Group
Brookfield, Wisc., Feb. 22, 2019 – Artos Engineering Company, a leader in wire processing automation, has been acquired by the Komax Group, Dierikon, Switzerland, a global automation technology company. Terms of the acquisition were not revealed. In acquiring Artos Engineering, Komax is expanding its customer base in North America and adding to its expertise in application development. John Olsen, CEO and majority shareholder of Artos Engineering, will continue to head the company after the sale, contributing his expertise to the strengthening of Komax’s position in North America. Artos Engineering Company will retain its brand and become one of the Komax Group of more than 30 companies.
“We are excited to join the Komax Group and are looking forward to this opportunity to reach additional markets and to develop innovative solutions for our customers,” says John Olsen, CEO of Artos Engineering Company.
For Matijas Meyer, CEO of the Komax Group, the acquisition will be positive for customers: “I am delighted that such a long-established company as Artos Engineering is now part of the Komax Group. Our customers will benefit from the strengths of both companies, plus the move will deliver other competitive advantages.”
About Artos Engineering Company
Founded in 1911, Artos Engineering stands out with its customer focus, portfolio of products and wealth of experience in developing innovative applications for wire processing equipment. Headquartered in Brookfield, Wisc., the company has 50 employees and primarily serves customers in the industrial, automotive, and aerospace market segments.
About the Komax Group
As the leading manufacturer of innovative and high-quality solutions for the wire processing industry, the Komax Group helps its customers implement economical and safe manufacturing processes, especially in the automotive supply sector. The Komax Group employs about 2000 people worldwide and provides sales and service support via subsidiaries and independent agents in more than 60 countries.