Toronto, Canada The EDAC Group of Companies has completed its acquisition of MH Connectors Ltd., a manufacturer of D-sub connectors, hoods and other interconnect products. The acquisition is expected to give EDAC a greater presence in targeted regions where the company sees growth opportunities and several key industries.
Under the terms of the transaction, the EDAC Group acquired MH Connectors LTD. UK, France and Asian business units for an undisclosed amount.
“The completion of this acquisition represents a significant step for EDAC in our strategy to accelerate growth in our core businesses,” said Adrian Robinson, president and chief executive officer of EDAC, in a statement. “Today, we significantly increased the depth and breadth of our product offering, by welcoming highly trained people from MH; individuals who know the marketplace and our products, and who already have existing client relationships,” he added.
The EDAC group consists of EDAC, Norcomp, Communication Devices and now MH Connectors.