Vimar acquires a majority share in Elvox

Vimar has today signed an agreement to acquire an additional 50% of Elvox holding, taking its capital share in the Padua-based company to 75%.

This acquisition gives Vimar control of Elvox and will enable it to integrate all the areas of business of both Veneto-based companies into a single strategic development plan, enabling it to enhance its market competitiveness by offering a comprehensive package of solutions for the residential and service sectors.

This transaction will result in a merger between two leading international manufacturing companies which already share a long tradition and a strong presence on key markets based on the superior technical quality of their products, intense Research and Development and a commitment to the ‘Made in Italy’ ethos. Indeed, both companies have chosen to design and produce their products exclusively in Italy.

• Vimar, a leading Italian manufacturer of electrical materials and home and building automation systems, has been operating around the world for over 65 years and has an annual turnover of approximately 200 million Euros. With the advantage of products that deliver superior technological quality and avant-garde design – the result of ongoing investment in Research and Development - Vimar is today the second largest player in Italy with a presence in over 100 countries and commercial branches in Europe, the Middle East, Asia and America.
• Founded in 1954 and boasting an annual turnover of approximately 40 million Euros, Elvox – thanks to its know-how and great capacity for constant innovation – is today one of the leading Italian producers of video door entry systems, gate and barrier automation and CCTV, with impressive export credentials that see it operate in over 50 countries.