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June 10, 2008 -- The Schleuniger Group (Thun, Switzerland), a supplier of wire processing machines with North American operations based in Manchester, NH, has acquired PAWO Systems AG (Unterägeri, Switzerland).
The purchase price will not be disclosed. The formal closing is scheduled for July 1, 2008.
PAWO has a staff of about 100 employees with sales of 25 mio CHF. For PAWO, the acquisition means an early succession for the current ownership. For Schleuniger, it is a strategic development which the company expects will enhance its position in the wiring harness market.
Like Schleuniger, PAWO develops and produces precision, niche-oriented machines for the global wire processing market. PAWO specializes in machines for the automatic assembly of loose parts to wires, especially for automatic and semi-automatic installation of weather seals.
This kind of technology is used traditionally by the automotive industry; however, Scheuniger maintains that many new industries are now considering seal applications for general purpose applications in order to prevent the intrusion of splash water and humidity into connectors. Through this specialization, PAWO is acknowledged as one of the main global providers of such products.
Additionally , PAWO offers shuttle and conventional transfer-machines used to solve complex wire processing, assembly and quality testing.
PAWO also owns 100% of PAWO Inc. in El Paso, Texas, which already resides in the same building as Schleuniger's El Paso office. Both offices are responsible for sales and service to Mexico as well as Central America. Together, the combined location will provide Schleuniger with a larger sales and service network.
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