SAMP Group and GAUDER & CO

The SAMP Group and GAUDER & Co. are announcing today that they are negotiating an agreement for the SAMP Group to sell its 45% ownership stake in SETIC SA to GAUDER & CO.

As part of the transaction, SETIC would sell its POURTIER low and medium voltage future business to SAMP S.r.l.

The POURTIER low and medium voltage products, Daloo and existing SAMP Rotating machinery businesses would be combined to form a new, integrated SAMP Rotating product line.

SETIC will continue to supply POURTIER high-speed concentric stranders and single twist machines as well as rigid stranders for overhead cables.

C2S, the service division of Setic S.A.S will also continue to develop a complete and modern services portfolio for existing and future POURTIER and SETIC equipment. SAMP China will continue to supply and support its Daloo machines.

The transaction clarifies the relationship between the two companies, ensuring continuity of products and services for each firm’s demanding international clientele.

For more information please contact:
Jouni Heinonen, Chairman, SAMP S.r.l & Managing Partner, HVD Partners
Email jouni.heinonen@hvdpartners.com
Tel. +41 79 514 61 92

Thierry Collard, CEO & President of GAUDER & CO / SETIC

Email thc@gaudergroup.com
Tel. +33 674981532

About SAMP

SAMP is a globally recognized leader in the design and production of precision wire and cable manufacturing equipment. The company provides life-cycle management, spare parts and service for a vast installed base developed over many years. Founded in 1936, the company has maintained a legacy of Italian engineering innovation and craftsmanship to Wire the World.

About SETIC

Since 1948, SETIC is a pioneer in designing and building machinery to meet the constantly involving wire & cable development, focusing on data/Lan, automotive and specialty cables.

Pourtier, founded in 1860, is specialized in designing and building innovative and reliable machines for the production of power and submarine cables.

C2S, a strategically tailored division of Setic S.A.S & Pourtier, with various location worldwide, provide in-depth knowledge and support to assist the wire & cable industry in maintaining, repairing, upgrading existing machines, including all machine brands.

The BowTechnology division, provide the wire & cable industry with tailored high quality, energy efficient bow for all brands double twist machines.