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Cifin group acquires 100% stake in Camaeleon
Cifin Holding has signed a contract to purchase 100% of the share capital of CAMäleon Produktionsautomatisierung GmbH. The company is based in Dettenhausen, Germany, specialising in the development and distribution of software for multi-axis machining centres under the PUMA System® brand name. The company reported sales revenues of approximately 750 thousand euros in 2015.
Commenting on the transaction, Valter Caiumi, Chairman of Cifin Holding, said: "This acquisition represents an important strategic step that will allow the Group's software portfolio to be extended to the industrial application machining centres sector. Under the Cifin Group, PUMA System products will find new opportunities for growth and development in new industrial scenarios, increasingly oriented towards the integration of digital technologies in manufacturing processes, 4.0 Industry and the intelligent factory ".