NOVARC has acquired 100% of the capital of KLK
ANQUOR Corporate Finance acted as advisor to the seller.
Founded in 1965 and based in Gijón (Spain), KLK Electro Materiales employs 62 people and achieved in 2021 a turnover of € 9,7m. KLK is one of the leading producers of power resistors and the only producer of copper aluminothermic welding equipment in Spain. Since 2011, KLK has belonged to the Groupe Delachaux a world leader in railway infrastructure and equipment for electrical connections.
Novarc is a French family-owned group with a global scope and € 217m in sales in 2021. The group is active in 3 domains:
1. Electrical safety equipment for operators (Novarc Safety)
2. Construction material for energy, railway and telecommunication infrastructures (Novarc Networks).
3. Cleaning equipment and renovation products for the automotive and industrial sectors (Novarc Motion & Industry).
With KLK acquisition, Novarc will enlarge the products and services range of its Novarc Networks division, and will increase its global commercial footprint.