Fort Atkinson-based Electronic Technologies International has acquired Harvard, Ill.-based Able Cable.
Able Cable, founded in 1949, is a wire and cable assembler serving the consumer electronics, automotive, industrial equipment and medical equipment markets, among others. It is one of the largest wiring harness suppliers. It has about 10 employees. Long term, Able Cable’s facility will be closed and the employees will be relocated to Fort Atkinson, according to Ryan McCullough, director of sales and marketing at ETI.
ETI, founded in 1990, is a contract manufacturer and assembler of electronics including printed circuit boards, wire harnessing/cables and box builds. It serves the medical, agricultural, telecommunications, transportation and energy markets, among others. ETI has between 75 and 90 employees, depending on the season, McCullough said.
This is ETI’s fourth acquisition in the past 11 years. The addition of Able Cable is expected to add capabilities and improve economics to the electronic manufacturing services sector, while creating benefits for both companies’ customers.
“Our team is very excited for the two businesses to come together and begin serving a broader customer base together,” said William Brink, owner and president of ETI. “By combining resources and technical skills, the two companies stand to offer a more robust set of manufacturing capabilities to current and future partners. With both companies committed to cost-effective, quality manufacturing processes, this is a win-win for the industry.”
Richard Knaack, president and owner of Able Cable, said the sale of Able Cable aligns with his succession plan for the two-generation family company.
“With the additional capabilities of printed circuit board assembly and panel builds, we can offer our customers a more fully integrated electronic manufacturing service,” Knaack said. “The acquisition by ETI ensures that the customers of Able Cable will be able to see immediate benefits.”
