HMI specialist RAFI acquires Xymox Technologies Inc

RAFI Group acquired Xymox Technologies in Milwaukee, WI, to expand its market presence and accelerate global growth in electromechanical components and human-machine communication systems.

The RAFI Group acquires the U.S. company Xymox Technologies Inc. based in Milwaukee

Xymox Technologies, Inc. has over 40 years of experience developing and manufacturing capacitive sensors and membrane switches of the highest quality, with a broad customer portfolio that is compatible with RAFI, and a nationwide sales force. "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." comments Dr. Lothar Seybold, CEO of the RAFI Group on the acquisition.

RAFI recorded strong growth in 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. 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, elaborates. "Xymox has built an excellent reputation in the U.S. in the field of human-machine communication, as a company with great technological expertise, reliable products and a deep understanding of its customers' needs."

The parties have agreed not to disclose the financial terms of the transaction.

www.rafi-group.com

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