Leoni Acquires U.S. Fiber-Optics Specialist

Leoni, a provider of cables and cable systems to the medical sector, has acquired the U.S.-based company RoMack Inc. (Williamsburg, VA), which specializes in optical fiber technology. In doing so, the Nuremberg, Germany, cables group continues to pursue its strategy of strengthening its position in niche markets by means of acquisitions.

"The Leoni Group has with this acquisition resumed its acquisition activity, which we temporarily suspended because of the economic crisis," remarks Klaus Probst, president and CEO of Leoni AG. "Our objective is to expand in fast-growing and profitable niche markets. This acquisition of RoMack strengthens us in both regional and technological terms." The purchase is being executed via Leoni's subsidiary FiberTech USA Inc., which belongs to the Leoni Fiber Optics unit.