SAM Electronics Acquires APSS

Friday, October 19, 2007
SAM Electronics of Hamburg, a subsidiary of L-3 Communications, New York, has acquired APSS S.r.l. of Italy, a leading supplier of automation equipment and control assemblies to the domestic marine market. Based in Diano d’Alba, APSS is an acknowledged specialist integrator of automation systems and manufacturer of control components. Customers include high-end Italian shipyards building cruiseliners, ferries and chemical carriers. Acquisition of the Italian company enhances the broad international presence of SAM Electronics and its Danish subsidiary, Lyngsø Marine. Additionally, together with its strategic partner, L-3 Valmarine of Norway, APSS provides further opportunities for accelerated growth within the automation sector of the marine industry. Commenting on the new acquisition, Klaus Lorenz, President of SAM Electronics, noted: “It further consolidates L-3 Communications’ and SAM Electronics’ marine automation expertise while also strengthening our international role as a major supplier of advanced systems to the world shipbuilding industry”. APSS has been an important partner with L-3 since 1993, enabling L-3 Valmarine to become a market leader in Italy for integrated automation systems (IAS) aboard cruise vessels. “Being now teamed with SAM Electronics and L-3 Communications represents a significant step towards our continued growth”, said Ornella Bracco, President of APSS.
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