Festo Didactic acquires Lab-Volt
July 2, 2014 by Manufacturing AUTOMATION
July 2, 2014 – The Germany-based provider of technical education solutions, Festo Didactic, has acquired Lab-Volt, a provider of integrated learning systems and modular multimedia education programs in the electronics, electrical and mechanical engineering and telecommunication fields. Lab-Volt, based in New Jersey with a daughter company in Québec that operates as the main production site, will subsequently be integrated as a part of the Festo Group.
Lab-Volt’s and Festo Didactic’s product portfolios will be integrated according to a joint portfolio and branding strategy.
“Festo Didactic’s acquisition of Lab-Volt will result in a much stronger presence for both companies in the international market for technical education,” said Dr. Nader Imani, CEO of Festo Didactic Inc. and Festo Didactic Ltd. “It gives all employees at both companies a considerably strengthened basis to develop their product range and to deal with business in the international market. The jobs at all sites have been secured and the setup of the joint activities will be designed in detail in the integration phase of the two companies.”