CMI strengthens its activities in surface treatment through the acquisition of Galvatek in Finland
February 22nd, 2019
On February 21st, 2019, CMI finalized the acquisition of the Finnish company Galvatek.
Established at Lahti, Galvatek generates annual revenues of around 12 million euros. The integration of this leader in chemical cleaning equipment for the maintenance and repair (MRO) of engine parts for the aviation industry, strengthens CMI’s expertise and position in this particular market.
Galvatek’s history and unique know-how in the surface treatment market is backed by a track record of several hundred of references in more than 30 countries.
The wide range of installations developed by Galvatek over the past 39 years remarkably complements CMI’s, in particular in the aviation business.
CMI Industry already enjoys a solid reputation in surface treatment equipment based on the accumulated expertise of CMI Sleti’s technologies, and its brands: Beugin, Lefebvre ‘Otomat’, Frappaz Equipment and Blasberg.
The acquisition of Galvatek is part of the Industry sector’s ambition to pursue technological and geographical development in major sectors such as aeronautics and automotive through surface treatment and heat treatment, while exploiting great synergies within the CMI Group. Thus, the Environment sector colleagues bring their know-how in the treatment of liquid and gaseous effluents to our surface treatment installations, enabling CMI Industry to perfectly adapt its equipment to the performance expected by its customers in this area.
“The complementarity of our products and businesses within our sector and the CMI Group, will enable us to grow together sustainably and profitably. Explains João Félix da Silva, President of CMI Industry, before continuing, “With the recent creation of our joint venture in China and the acquisition of Galvatek today, CMI Industry has become the world’s No. 1 in surface treatment. In an industry that is still dominated by very local players, CMI brings the critical size and internationalism that many of our customers have been waiting for to better support them in their projects around the world. Welcome to our new colleagues! I will make every effort to integrate them in a true and collective win-win spirit.”
Ulf Pråhl, General Director of Galvatek: “We are strongly attached to Galvatek’s future. The obvious synergies with the CMI Group’s Surface Treatment teams, and its growth strategy are guarantees of success for our activities, which we are proud to continue under the CMI banner as of today.”