To strengthen its U.S. market presence, Germany-based RAFI Group, reported July 20 that it’s acquired Milwaukee-based Xymox Technologies Inc. RAFI supplies electromechanical components, electronic assemblies, and systems for human-machine communications. Xymox has more than 40 years of experience developing and manufacturing capacitive sensors and membrane switches. Terms of the deal were not disclosed.
"Combining RAFI's product and technology know-how with Xymox Technologies' competencies and structures, results in a powerful entity in the American market that will further drive our growth strategy." says Dr. Lothar Seybold, CEO at RAFI.
Bob Hartline, CEO at Xymox, adds, “Innovation, integrity, service aand results are Xymox’s culture, and this is RAFI’s culture too. This merger will help us better serve our customers with the latest HMI technology and global manufacturing capabilities, while providing an environment for our employees to grow. It’s a perfect match.”