Swiss cabling specialist Reichle & De-Massari (R&M) announced that it has successfully completed 50 years of operations in India. Since its inception in 1964, R&M has steadily expanded its presence across 30 countries and has rapidly expanded in segments like office cabling, data centers and FTTx.
In India, R&M has been expanding rapidly. It recently acquired the business activities and operating assets of Advanced Fiber Systems (AFS) in India. AFS is a reputed manufacturer of fiber-optic products and solutions for the Public Network market and has been an R&M certified assembly partner for the E-2000 connector for several years. AFS was founded in 2002 and has its production facility located in Bangalore. The management and all employees of AFS have been transferred to R&M in India.
At a recent event, R&M formally inaugurated the production facility after the acquisition. The strategic importance R&M accords to its operations in India was manifested by the presence of its top leadership at the event. This included Mr. Martin Reichle, Owner of R&M, Mr. Michel Riva, CEO, and Mr. Laurent Amestoy, Executive VP of R&M Asia-Pacific.
Inaugurating the R&M facility in Bangalore, Martin Reichle, Owner of R&M said, “This acquisition provides R&M with the industrial platform to strengthen its existing structured cabling business in India and addresses new strategic market segments such as Data Center and Fiber-to-the-Home (FTTH) which positively contributed to our growth last year. The growth markets in Asia and the Middle East achieved double-digit growth and now account for more than a quarter of the total turnover. We are extremely optimistic about our future in India.”
Michel Riva, CEO of R&M commented, “We are very excited about the benefits of this acquisition. R&M has achieved tremendous growth in India since beginning operations in 2006. This acquisition is a key milestone to further expand our business in India. We can now actively participate in the growing fiber-optic network deployments, Fiber-to-the-Home (FTTH) roll-outs and Data Center projects. I remain confident that our high-quality approach and greater local presence will take us to the next level in India.”