AVE, MEGABELT, CIMEXSA - Acquisition announcement

AVE, MEGABELT, CIMEXSA - Acquisition announcement

The Megadyne Group accelerates its growth on international markets and consolidates its leadership with the acquisition of AVE, MEGABELT and CIMEXSA.

Acquisition announcement

Megadyne, the international manufacturer of power transmission and product handling belts and related components, has expanded its leadership position with three new strategic acquisitions to close out 2017. 
They are:

  • AVE, headquartered in Barcelona Spain. Since 1953, Ave has specialized in the development and production of plastic and metallic modular chains, belts, guides and components used in product handling applications within several industrial segments complementary to Megadyne’s other business units including packaging and automotive.
  • MEGABELT, located in Israel. MEGABELT is a leader in the distribution of transmission and conveyor belts in the Israeli market.
  • CIMEXSA, located in Colombia and founded in 1955, is a distributor of power transmission and belting products.

The recent acquisitions in Spain, Israel and Colombia along with the July 2017 acquisition of the Italian company SACIF, a leader in the production and marketing of special conveyor belts and synchronous belts, enable Megadyne to further expand its product portfolio, its geographical presence and penetrate new applications and customers in existing and new industry segments.

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