EXEL Industries completed the acquisition of Eisenmann Intec.

EXEL Industries, a France-based company engaged in the design, manufacture and sale of precision spraying equipment, completed the acquisition of Eisenmann Intec, a manufacturer of bonding equipment specific to the automotive industry. Financial terms were not disclosed. Intec will become a part of Sames Kremlin, the EXEL Industries' subsidiary specialized in applications of paints and high-viscosity products. "It is with great pleasure that we are welcoming Intec into our Group. In line with our development model, Intec will retain its brand and its autonomy within Sames Kremlin. This strategic acquisition for EXEL Industries significantly strengthens our presence with vehicle manufacturers, particularly in Germany. The two companies share a passion for innovation and services to the benefit of particularly demanding customers. Intec and Sames Kremlin will mutually benefit from highly complementary product ranges and customers to develop their businesses to apply high-viscosity products in the car and general industry," Yves Belegaud, EXEL Industries Group Chief Executive Officer.