Global Heating and Controls Manufacturer, E.G.O.-Group Makes Strategic Investment in Datec Coating Corporation
MISSISSAUGA, Ontario (PRWEB) June 07, 2018 -- Datec Coating Corporation, a leading thick-film heating element component manufacturer and materials technology company has received a significant investment by E.G.O.- Group based in Oberderdingen, Germany. This will provide Datec with capital to continue to expand its operations, invest in its proprietary manufacturing capability and broaden its sales and marketing reach.
“EGO’s expertise, global market presence and culture of innovation will help us accelerate our growth and capabilities," says Dominic Talalla, President and CEO of Datec Coating Corp. “We are delighted to deepen our relationship with the global leading supplier to household appliance manufacturers.”
Dr. Johannes Haupt, Chairman of the Management Board of the E.G.O.-Group noted, “… of the many thick-film technologies we have evaluated, Datec’s technology stands out as most compelling. With Datec we have bought into a strong technology partner who can help us gain further competitive advantages in the field of thick-film heating technology.”
About E.G.O.-Group
The E.G.O.-Group includes 18 distribution and production companies in 16 countries. The Group generated around 606 million euros in turnover in 2016 and has around 6,000 employees. The company, based in Oberderdingen (Baden-Württemberg), is known around the world as a leading supplier to household appliance manufacturers. The founder of the company, Karl Fischer, developed the first series-ready electric hotplate more than 80 years ago. Today the company produces all heating and control elements needed for cooking and baking, for washing and drying and for dishwashers. Furthermore E.G.O. also supplies components, systems and technology to the restaurant industry and professional laundries, as well as complex components for medical technology, building services or the automotive industry. More information is available on the website http://www.egoproducts.com.
About Datec Coating Corporation
Datec is a highly innovative Canadian thick-film heating technology company. Their patented heating solutions and coatings are used by global companies to provide significant performance and cost benefits in large domestic appliances, automotive electric vehicles, commercial food equipment and medical devices. Datec’s unique thick-film heating technology can be customized for application on aluminium, mica, steel, and glass. This enables product designers to save space, reduce weight, reduce cost, increase life-span, and create rapid and more precise heating. More information is available on our website http://www.dateccoating.com.
Pina Fraresso, Datec Coating Corporation, +1 (905) 629-3779 Ext: 200, [email protected]
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