Pandrol, a company of Groupe Delachaux and the global leader in solutions for rail infrastructure, has sold the company KLK Electro Materiales based in Gijon, Spain, to Novarc Group and its division Novarc Networks.

KLK Electro Materiales, founded in 1965, is a player in the European markets of resistance and earthing by copper wire welding. Its turnover was € 9,7m in 2021 with a staff of 62 persons.

Groupe Delachaux acquired KLK in 2011 and transferred its rail operations to Pandrol. The aluminium-thermal rail welding activity, which moved to Castelgalli in Catalonia and catenary activity in Gijón, both remain under direct management of Pandrol.

KLK is now concentrated on the activities of resistance and land use and, finds in Novarc a new industrial shareholder better able to support their development projects to reach new markets.

Guy Talbourdet, President of Delachaux and Pandrol SAS, says “KLK Electro Materiales has become an important player in its market of resistance and earthing solutions thanks to the dynamism of its teams. Their expertise and innovations are recognized by their clients, and I am convinced that Novarc will allow KLK’s employees to continue to develop their activities in synergy with the Novarc Group.”

Teo Conejero, KLK Managing Director, stated: “KLK is grateful to Groupe Delachaux for driving its international growth on resistors & grounding business in the last 10 years. We are now glad to join Novarc, another family-owned group, which will offer us new opportunities and multiple synergies”.

Anquor Corporate Finance has acted as advisor of the seller.

Source: https://delachaux.com/2022/07/groupe-delachaux-sells-the-company-klk-electro-materiales-to-novarc-groupe/