LEMO, a Swiss global leader in the design and manufacture of precision custom connectors, has acquired Northwire Inc., (NWI) a US specialty cable manufacturer of wire and multi-conductor cable and retractiles for the medical, aerospace and defense, energy and industrial markets.
“The acquisition of Northwire will enlarge the LEMO offering, providing a complete cable-connector solution to our valued customers. I am convinced that by creating synergy between our two companies, we can grow and prosper side-by-side,” says Alexandre Pesci, CEO and president, LEMO Group. “Together we will be able to provide our customers high-quality complete cable-connector solutions. The Northwire and LEMO existing structures will remain unaltered, as the additional processes that we plan to implement will enable Northwire’s integration into the Group and promote our cooperation and services provided to our mutual customers”, Pesci adds.
Engineer and inventor, Léon Mouttet started LEMO in 1946, then patented the Push-Pull Self-Latching mechanism. Throughout the second generation of leadership, Marcello Pesci, who envisioned the alignment of his organization with a custom cable manufacturer, committed to the goal of creating best-in-class technology on a global scale. Currently, LEMO’s third generation of leadership, Alexandre Pesci is the architect of his predecessors’ vision; he is responsible for pioneering new technology, market diversification and integrating custom connectors and cable solutions on a global platform.
Sharing Mouttet’s engineering and entrepreneurial spirit, Northwire founder Ormund Kravik pursued many business opportunities, before identifying the market demand for custom technical wire and cable in 1972, when he started NWI. During Mark Kravik’s second generation of leadership, he established the industry benchmark for quality, on time shipping and no minimum order quantity requirements in his efforts to achieve service excellence. While continuous improvement via company-wide professional development and robust engineering challenges are hallmarks of Northwire’s third generation, Katina Kravik is excited about Northwire’s future with LEMO and remains steadfast in their mutual commitment to every customer.