Monterrey, Mexico, November 29th, 2021 Viakable S. A. of Mexico, a Xignux company, announces today an agreement to formalize the process to sell São Marco Industria y Comercio Ltda in Brazil (“São Marco”) to Montana Aerospace AG (the “Company”) and its operating subsidiaries (the “Group” or “Montana Aerospace”).
With more than 75 years of experience, São Marco is one of the main manufacturers of magnet wire and copper upcasting in Brazil, with around 300 employees. In addition, São Marco produces electro-insulating varnishes, resins and lubricants with highest quality, reliability, and service.
With this acquisition, Montana Aerospace and its Energy & E-Mobility sector will further position itself to meet the market’s growth with innovative solutions created in collaboration with its customers. By combining both companies existing capabilities in Brazil, Montana Aerospace intends to complement its product offering in the conductors and round wire segments.
Heinz Riedler, CEO of the Montana Aerospace Energy-Business says: “It is a great pleasure to welcome the dedicated and engaged team of São Marco in Montana Aerospace’s Energy sector. The combined operating experience, commitment and expertise will strengthen our entitlement to be a quality and development partner serving the energy market and will boost our engagement in the market for electrical vehicles.”
Sergio Valdés, CEO of Viakable, the direct owner of São Marco adds: “The São Marco team has stood out for its professionalism by offering high quality in all products to support client projects. After 23 years of joint successes, a new stage comes from the hands of Montana Aerospace. I am convinced that they will continue to provide high value in the future and become the benchmark of the evolution of the Brazilian market.”
The closing of this agreement is subject to regulatory approvals.
Xignux is a Mexico-based company dedicated to the energy and food industries with sales in more than 40 countries. Xignux was founded 65 years ago and employs more than 29,000 people in five countries. Xignux manages companies that energize life and society to contribute to a better world. www.xignux.com
Viakable is a leading producer and seller of electrical conductors that energize homes, businesses, and communities. Founded 65 years ago, Viakable employs 4,800 people in Mexico, the United States, Colombia, and Brazil and its products are sold and distributed in Central, South America and the Caribbean. www.viakable.com
About São Marco
With more than 75 years of experience, São Marco Industria y Comercio Ltda is one of the main manufacturers of magneto wire in Brazil. It has been recognized as one of the most important companies in the field, both for their commercial presence, and their quality, reliability, and service levels.
About Montana Aerospace AG
Montana Aerospace AG is a leading producer of system components and complex assemblies for the aerospace industry, with worldwide engineering and manufacturing operations. The Company has approximately 5,300 highly skilled employees at 28 locations on four continents – designing, developing and producing ground-breaking technologies for tomorrow’s aerospace, e-mobility and energy industries out of aluminum, titanium, composite, copper and steel.
ASTA is an Austrian company engaged in manufacturing and selling magneto wire and CTC (Continuous Transposed Conductor) for manufacturing coils used by the energy segment. It has operations in Austria, India, China, and Brazil. It belongs to a Swiss public corporation called Montana Tech. PPE is ASTA’s specialized arm in magneto wire and provide their presence in Brazil.