The Coesia Group has acquired the FlexLink Group. The agreement was signed in Milan, Italy on November 16, 2011 and is subject to customary antitrust approval.
The acquisition will allow Coesia to provide the combined offer of their leading technologies with the production logistics solutions—-conveyors and more—from FlexLink, worldwide, including FlexLink Systems Canada, Inc., headquartered in Burlington, Ont. Coesia, headquartered in Bologna, Italy, is a group of innovation-based industrial solutions companies offering automated machinery to the fast moving consumer goods (FMCG), health care, cosmetics and tobacco industries. It is fully-owned by Isabella Seràgnoli.
“We are very pleased that FlexLink and its excellent management team are joining the Coesia Group. FlexLink is the global leader in production logistics, an area of high added value to our leading industrial customers. We intend to continue investing in FlexLink’s technology platform and global presence,” states Angelos Papadimitriou, chief executive officer of Coesia Group.
Mattias Perjos, chief executive officer of FlexLink says: “Our customers will clearly benefit from the new opportunities that the combined offer of FlexLink and the companies within the Coesia Group brings. And as a part of the Coesia Group, with its solid industrial background, we will further develop and strengthen our know-how and global footprint to the benefit of our customers, partners and employees.”
Other companies in the Coesia Group are: GD, Acma, VOLPAK, Cima, Gdm, Hapa, Laetus, Norden, Kalix, ADMV SACMI, Citus.
For more information on FlexLink, visit www.flexlink.com.