The NBG family continues to grow – with the acquisition of the Swiss fiber optics specialist Solifos AG.
December 18, 2020
According to the reports, Mr. Karl Bauer, CEO & Managing Director, NBG Holding GmbH signed the takeover agreement for the Lower Austrian NBG Group on December 10, 2020. The core team at Solifos, like NBG, has more than twenty years of experience in the fiber optic sector.
Through the various specializations (e.g. sensor technology for defence applications, etc.), Solifos completes and strengthens NBG’s broad range of products in the fiber optics segment.
“The acquisition of Solifos makes us, as NBG, one of the global market leaders in the special cables and sensors sector,” Mr. Karl Bauer stated.
However, the acquisition of a company does not only mean the growing together and the joint strengthening of two companies. It also means the growing together of two teams. “For us, the focus is on people,” Karl Bauer welcomed the new Solifos employees and family members via a personal video message due to the pandemic.
He further stated that for NBG, everyone is an important member of the family, and everyone is a co-entrepreneur. Mr. Bauer also mentioned that NBG will try with all its might to continue to grow Solifos and make it stronger.
The further integration of Solifos into the NBG family will start in January and will be accompanied by Solifos CEO Nils Kupschke. He is optimistic about the acquisition: “We are looking forward to becoming part of the NBG Group family of companies and are excited about the potential to expand our market opportunities.”
