New acquisitions support the growth on international markets

Megadyne further strengthened its growth on international markets through the acquisition of three important players in the field of power transmission in industrial processes.
AVE, active in Spain since 1953, is specialized in the development and production of chains, belts, guides and components in stainless steel and new high performance materials. AVE realizes multiple applications in different industrial sectors (such as bottling, packaging, cosmetics, cars).
Megabelt is a distributor of transmission belts and conveyor belts in the Israeli market. Its range of products includes complete lines of machinery for the production of V-belts in rubber and toothed belts.
Bandas Cimexa is a distributor of power transmission systems in Colombia. In addition to the new acquisitions we mention the one completed in July 2017 which involved SACIF, an Italian company in the field of special conveyor belts and toothed belts, used in the industrial automation sector.
This extension of the corporate structure has provided Megadyne with a further competitive advantage, determined by the expansion of the production range and the geographical areas of reference, ensuring the possibility of successfully presenting itself in new markets.