© firaxissmooke dreamstime.com Electronics Production | September 22, 2016
Verotec acquires IMRAK 1400
Verotec, who hold the IP for many ex-Vero Electronics metal enclosures, has acquired the stock and assets from CommNetworks for another Vero product, the IMRAK 1400 cabinet range, HYPERLINK.
Verotec has now acquired the stock, design drawings, UK sales rights and business contacts for the entire IMRAK 1400 family from CommNetworks in a GBP 250’000, plus investment in stock and facilities deal.
© VerotecVerotec already has a strong customer base for IMRAK 1400, and in order to support and grow this sector of the business, has taken additional premises as a self-contained stockholding, assembly and configuration facility dedicated to the IMRAK 1400 range. CommNetworks staff have joined Verotec as part of the acquisition, giving continuity and stability. Verotec’s Commercial Director, Tim Armstrong, commented, “IMRAK 1400 complements our existing portfolio of metal enclosures and systems, and, of course, it shares the same design pedigree and high quality of all Vero Electronics’ products. We are looking forward to increasing our presence in the racks and cabinets sector of the electronics industry.”