Milexia Group completed the acquisition of Cabcongroup.

Milexia Group, a supplier for high-quality electronic components, systems and scientific instruments technology, completed the acquisition of Cabcongroup, a supplier of passives, electromechanical components, and cable harness solutions. Financial terms were not disclosed. “We are thrilled to welcome the talented Cabcongroup teams to Milexia. Thanks to their commitment they have developed a global network of selected best in class manufacturers to provide local support and global delivery. Initiated several years ago, the goal of Milexia’ strategy is to be positioned as the leader of the value-added distribution of electronic component and systems in Europe. By joining forces with Cabcongroup, we expand Milexia’s European footprint and are able to respond more broadly to the expectations of our customers and suppliers in the entire Nordics region.” Xavier Gaillard, Milexia Group CEO.