France-based ARaymond acquired CGA Technologies SRL of Italy.

The acquisition broadens ARaymond’s product lines.  CGA Technologies manufactures high performing thermal cooling plates.   Web: CGATech.it

In October, ARaymond acquired Castello Italia SpA. a company specializing in plastic tube extrusion for pneumatic applications within transportation and specific industrial market segments.   

The acquisitions also are scaling up plug-and-play solutions for ARaymond.  The goal is to design and deliver optimized thermal management systems within the mobility and selected industrial sectors.

“As a leader of fastening and assembly solutions for more than 155 years, we continuously strive to reinvent ourselves and stay ahead in the fast-moving markets that we operate in,” CEO Antoine Raymond said.  “The automotive industry is shifting to electric and autonomous vehicles, and we want to actively contribute to this extraordinary transition.”

“With this expansion, we are building up our Network to create sustainability for the future,” Raymond said.  “This includes putting the well-being of our collaborators and the protection of our environment at the forefront of our priorities for our future generations.”

Founded in 1865, the ARaymond family business has 7,000 employees in 25 countries.  The ARaymond Network designs, manufactures and markets assembly and fastening systems.  Web: ARaymond.com