Olex acquires Australmold
Cable manufacturer Olex has acquired Australmold, a major supplier of Elastimold and Euromold cable accessories.
A supplier of pre-moulded connectors, joints and terminations to the industry, Australmold employs eight people and primarily services power authorities, original equipment manufacturers (OEMs), contractors and consumers in Australia and New Zealand.
Andrew Stobart, Olex’s managing director, said the recent acquisition will provide exciting opportunities for Olex.
“We are now able to enhance our cable offer to our customers and expand our product range and markets,” he said.
“And with the backing of Nexans, our parent company, we are well placed to be able to offer our customers a complete range of cables and accessories.”
Australmold managing director Greg McKelvie will continue heading the new division with the same experienced staff.
Construction ramps up on Project Marinus
The critical interconnector that will allow Tasmania and Victoria to share electricity and data...
Tackling bottlenecks in the grid
An Australian research project has received $1.55m in government funding to address this...
US acts to ban Chinese bulk-power equipment
US Executive Order 14420 could test an already stressed supply chain for importers, according to...
