Daetwyler buys data networks firm

Daetwyler Cables is acquiring the engineering business of Switzerland-based SymbioTec on 1 April 2009.

The acquisition of this fast growing start-up company covers the customer base, customer contracts and key personnel. Daetwyler Cables will benefit from its broad expertise in highly specialised consulting, engineering and other services focused on data networks, structured building cabling and fibre-to-the-home.

This acquisition will strengthen Daetwyler Cables’ position as a supplier of complete solutions for electrical building infrastructure.

Daetwyler’s four divisions – Cables, Rubber, Pharmaceutical Packaging and Technical Components – are focused on the manufacturing, pharmaceutical and datacom industries. With more than 50 operating companies, sales in over 100 countries and some 4700 employees, Daetwyler generates approximately CHF 1.3 bn in revenue.