Hager takes over Bocchiotti
The Bocchiotti Group, which is based in Arenzano, specializes in the manufacture and sale of solutions and services in industrial and domestic cable trunking.
The company is the Italian market leader in its core business, with brands such as Iboco, Inset and Steel line.
Founded in 1965, today it manufactures its products at 5 locations in Italy and sells them in over 40 countries, especially Italy, France and the USA. With a total of approx. 400 employees, Bocchiotti generated a turnover of about EUR 120 m in 2013.
“This acquisition strengthens our position in cable routing and the fantastic complement to our current range enables us to offer our customers even better solutions,” explains Daniel Hager, chairman of the Hager Group.
In this way his company is particularly improving its position on the French and Italian markets in this sector. At the same time, with this takeover Hager is initiating activities in North America, where Bocchiotti also operates.
The Hager Group’s service spectrum ranges from energy distribution to cable routing, security technology and building automation.
11.400 employees generate an annual turnover of about EUR 1.6 bn. The components and solutions for customers in over 80 countries are produced in 22 locations all over the world.