Eurocoin Group Announces Acquisition of Elatec-ELCO GmbH

Eurocoin Group Announces Acquisition of Elatec-ELCO GmbH

RELEASE DATE
1 Feb 2018

The Directors & Shareholders of Eurocoin Ltd are delighted to announce that they have completed the acquisition of Elatec-ELCO GmbH, a highly-respected electronic components distribution company headquartered in Haar, near Munich, Germany.

 

“The addition of the Elatec-ELCO business, including its long-established sales & technical support office in the Czech Republic offers the Eurocoin Group genuine new opportunities for growth” explained Company Director Colin Veitch “The synergies between our two companies are both complimentary and significant. This will be of immediate benefit to ELCO customers & supply chain partners as we move forward together with our new pan-European team”

 

The Elatec-ELCO GmbH team have built a successful, professional and well-regarded business, specialising in the development, supply & support of dedicated components for manufacturers of industrial machinery, instrumentation and electronic devices. The combined business will benefit immediately from the Eurocoin Group’s existing strong market presence and proven commercial model.

 

“By adding the ELCO business, we immediately greatly expand the reach of the Eurocoin Group across multiple new market sectors” explained Eurocoin Director Nick Veitch “We are all delighted to welcome our new team members to the company and look forward to a bright future for our expanded Group”