IRVINE, Calif., November 8, 2022 /PRNewswire/ — Infinite Electronics, Inc., a leading global supplier of electronic components serving customer needs through a family of highly recognized and trusted brands, today announced the signing of a definitive agreement for the acquisition of Cable Connectivity Group (CCG) from Torqx Capital Partners (Torqx) and TKH Group NV (TKH). The transaction is subject to customary regulatory approval and is expected to close in the first quarter of 2023.
CCG is a leader in the production, distribution and assembly of specialty cables and cable connectivity solutions. The company operates through Europe with offices and production and distribution facilities in the Netherlands, Belgium, Germany, Poland, Italy and China. CCG is made up of the following brands: Jobarco, Pantaflex, Capable, TKD, ConCab, Schrade Kabeltechnik and KC Industrie. CCG has a global customer base in the industrial and electronics end markets.
CCG’s products and talented team members add to Infinite’s existing portfolio and share a common customer value proposition of working urgently to provide the real-time inventory and support customers need. need. This acquisition will allow Infinite to reach its customers more effectively through Europe, with both CCG marks and, ultimately, Infinite’s legacy marks. Wouter-Jan van der Wurff, CEO and CFO of CCG Derek Veraarwill join Infinite’s leadership team and continue to lead the day-to-day operations of the business.
“CCG’s product portfolio, culture and talented team are a great complement to Infinite Electronics. We are very pleased to welcome CCG and its team to Infinite Electronics and our portfolio of successful brands. This acquisition will provide us with the unique opportunity to expand our business in both European and North American markets, and provide significant opportunities for growth together,” said Infinite Electronics President and CEO, Penny Cotner.
“The CCG team is very excited about joining Infinite Electronics as it provides growth and development opportunities for CCG and our employees, broader product expansion and greater reach for our customers” , said Wouter-Jan van der Wurff, CCG’s CEO.
For more information about Infinite Electronics, Inc. and its brands, please visit www.infiniteelectronics.com.
For more information on CCG, please visit. For more information, visit: www.cableconnectivitygroup.com
About Infinite Electronics, Inc.:
Infinite Electronics is one of the world’s leading suppliers of electronic components, serving customers in the industrial and electronics end markets. Backed by Warburg Pincus since 2021, our core mission is to meet these requirements with an expansive offering of RF, industrial and connectivity solutions with a wide selection of inventory, same day shipping and 24/7 customer service. /7.
Cable Connectivity Group (CCG) is active in the production, distribution and assembly of specialized cables and cable connectivity solutions. The Group comprises the operating companies Jobarco BV, Pantaflex BV and Capable BV (in The Netherlands), TKD Kabel GmbH, ConCab GmbH and Schrade Kabeltechnik Germany (in Germany), Schrade Kabeltechnik Poland and KC Industrie Srl (in Italy).
Irvine, California92614 United States
SOURCE Infinite Electronics, Inc.