Milwaukee-based Xymox Technologies, which has more than 40 years of experience developing and manufacturing capacitive sensors and membrane switches, was acquired by RaFi Group, a supplier of electromechanical components, electronic assemblies and systems for human-machine communication. RaFi originated when Raimund Finsterhölzl acquired ownership of the Institute for Electrical, Optical & Mechanical Engineering in 1908, it is still headquartered in Berg, Germany.
"Combining RaFi's product and technology know-how with Xymox Technologies' competencies and structures results in a powerful entity in the American market that will further drive our growth strategy." commented Dr. Lothar Seybold, CEO of the RaFi Group on the acquisition.
RaFi has emphasized the development and manufacture of complex customer-specific operating systems for human-machine communication in recent years and aims to further expand its position as an innovation leader in this sector globally. In this context, the markets in Asia and North America are the main strategic focus.
Bob Hartline, CEO of Xymox Technologies, added, “Innovation. Integrity. Service. Results. This is the Xymox culture, and this is the RaFi culture. This merger will help us better serve our customers with the latest HMI technology and global manufacturing capabilities while providing an environment for our employees to grow.” He said it is a perfect match.
"With Xymox, we have succeeded in acquiring a company that is an ideal fit for the RaFi family." Lothar Arnold, CFO of the RaFi Group, elaborated. "Xymox has built an excellent reputation in the United States in the field of human-machine communication as a company with great technological expertise, reliable products and a deep understanding of its customers' needs."
