Tecnikabel acquires American Eis Wire & Cable
The Turin-based company expands in the US and in the industrial automation and defence sectors
Tecnikabel - a company based in Volpiano (Turin) with an international outlook and specialised in the design and production of special cables, connection systems and cabling - has acquired Eis Wire & Cable, a company specialised in the design, production and sale of special cables based in South Hadley, Massachusetts (USA). The operation represents a fundamental strategic step for Tecnikabel, which thus consolidates its presence in the US market and further strengthens its position in the segment of special cables for defence and industrial automation. The acquisition is part of the group's growth strategy, supported by the entry into the capital of Andera Partners and Equiter Spa, together with the Garaffi family, in 2024, with the aim of expanding the group's technological and industrial presence.
Founded in 1910, Eis is a company deeply rooted in the industrial fabric of Massachusetts, with a turnover of over $40 million. Eis operates in two main segments: defence electronics, where it manufactures critical components for prime contractors producing submarine detection devices used by the US Navy, and factory automation, with a customer base predominantly comprised of global players.
Tecnikabel will retain the Eis brand and the entirety of the current management and employees, as well as the manufacturing facility in Massachusetts. With the integration of Eis, the Tecnikabel group will strengthen its ability to meet customer needs on a global scale through a single technology and industry platform, covering the supply of specialty cables, harnesses and value-added connectors in North America, Europe and Asia.
The agreement provides for the purchase of a majority stake by Tecnikabel, alongside the current management of Eis, led by its chairman Nicholas Moceri, who will retain a significant minority share in Eis.
The operation was realised with the support of Simest (Cdp Group), which contributed about 45% to the acquisition through its own funds and the facilitation intervention of Fondo 394 - Venture Capital and Equity Investment Section - managed in agreement with the Ministry of Foreign Affairs, with a structure designed to accompany the partner in the medium-long term and support the development of the operation.
