New hires and promotions
TiniFiber Strengthens Fiber Optic and Wire Industry Leadership The Wire & Cable industry continues to see major executive transitions as companies strengthen their management teams. In the latest fiber optic and wire industry leadership updates, TiniFiber appointed Tom Artinian as its new CEO. Artinian brings over 30 years of leadership experience in fiber optics and cabling. Before joining TiniFiber, he served as CFO […]
Subsidiary of Japan’s Sumitomo Electric Industries has acquired the Esteves Group
Sumitomo Electric Strengthens Its Diamond Tooling Portfolio The Sumitomo Electric Esteves Group acquisition marks a major step in Sumitomo Electric Industries’ (SEI) global expansion strategy. SEI has acquired the Esteves Group, a leading supplier of diamond tooling for the wire and cable industry. The deal, finalized on September 9, took place through Torque Capital Partners (Torque), which sold Esteves Group […]
Germany’s Leoni agrees to be acquired by LUXSHARE in 2 separate transactions
LUXSHARE Expands Global Reach with Leoni Acquisition The LUXSHARE Leoni acquisition marks a major milestone for both companies in the global automotive wiring and systems market. LUXSHARE Precision Industry Co., Ltd. (LUXSHARE), a leading Chinese electronic connector manufacturer and Apple supplier, has agreed to acquire Leoni AG (Leoni) in two strategic transactions worth about $583 million. Details of the Acquisition As part […]
With Kris-Tech expansion done, company continues a legacy started 40 years ago
Kris-Tech Wire Builds on 40 Years of Innovation The Kris-Tech Wire expansion in Rome, New York marks another exciting milestone for the family-owned wire and cable manufacturer. Earlier this year, Kris-Tech Wire completed a major facilities expansion that doubled its production, office, and warehouse space. The project aligns with the company’s multi-year campaign to expand operations and product lines […]
Taihan Cable lands huge power cable grid order for its 1st such project in the U.S.
Taihan Strengthens Presence in the U.S. HVDC Market Taihan Cable & Solution has secured a landmark contract to supply cable systems for a 320kV Voltage Source Converter (VSC)-HVDC and a 500kV HVAC power grid project in California. The deal, awarded by LS Power Grid California, LLC, is valued at approximately $68 million and will enhance grid reliability across Northern California, including high-demand areas such […]