Daetwyler Cables strengthens the Harnessing Business
Daetwyler Cables is taking over Kaved AG thus strengthening the harnessing business. The Daetwyler Cables harnessing services as well as their logistics and systems solutions are precisely those outsourcing services which relieve elevator construction and industry customers with regard to cost and time critical logistics processes.
Altdorf / Neufahrn in December 2007. Daetwyler Cables, a leading supplier of systems solutions for electrical building infrastructure strengthens its harnessing business. The current Daetwyler company Kaved AG, Altdorf, will in March 2008 (retroactively as of 1 January 2008) be integrated into Daetwyler Cables, a Unit of Daetwyler Switzerland Inc. The name and brand Kaved will be replaced by Daetwyler Cables.
Strong base for a consistent presence
This merger will lead to operational as well as financial synergies. Specifically, in integrating Kaved into Daetwyler Cables, the support functions purchasing, human resources and finance and controlling will be organisationally merged. With this single branding, Daetwyler Cables is creating a strong base for extensive customer service as well as for future growth.
Harnessing for elevator construction and industry customers
The current Kaved AG will become part of the Harnessing unit of Daetwyler Cables. The leading Kaved harnessing products and services as well as its logistics and systems solutions will remain unchanged and the product ranges will continue to be extended. The Daetwyler Cables harnessing services as well as their logistics and systems solutions are precisely those outsourcing services which relieve elevator cabling and industry customers with regard to cost and time critical logistics processes. The electronic orders communication system is part of this as much as are a state-of-the-art cable cutting centre and a fully automated small parts store.
Daetwyler Cables (www.daetwyler-cables.com)
Daetwyler Cables is a leading provider of high-quality system solutions and services for electrical building infrastructure, including data networks, safety cable systems, building automation and elevator cable systems. With over 90 years of experience, we possess solid know-how that makes us the innovation leader in these market segments. With in-house development and fabrication of copper and fibre optic cables, as well as a full range of system components, Daetwyler Cables offers comprehensive total solutions including consulting, training, fabrication, logistics and warranty services. Our customer base includes banks, insurance companies, industrial companies, telecommunication companies, airport operators and large construction contractors. Daetwyler Cables is part of the globally active Daetwyler Group, who with 4,700 employees generates annual sales of around 900 million euros.
Daetwyler Holding Inc.: Silvio A. Magagna, CFO/Member of the Executive Board, media spokesman; Tel. +41 41 875 13 04, Thursday, 13 December 2007, 08.00 – 10.00 hrs