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Home > BizTimes Daily > Archives > February 4, 2008
Novum expands in Europe with acquistiions
Published February 4, 2008 - BizTimes Daily
Menomonee Falls-based Novum Structures LLC is expanding its European marketshare by acquiring CoverTex Management Systems Ltd. and Rig 'n High Ltd., both of the United Kingdom.
The two companies have been purchased and combined to form Novum Structures UK Ltd.
Novum's existing company in Germany, Novum Structures GmbH, also has acquired KFM GmbH, another high quality manufacturer of architectural membrane materials for lightweight structures.
Novum Structures is a specialty contractor for high-technology spatial architectural structures and enclosures, primarily in steel and glass. The addition of a capability to design and fabricate the most advanced membrane cladding systems will expand Novum's product line.
"The addition of KFM is exciting for us and gives us not only a world class production capability in a new technology but also a central logistic center for our European project business," said Ian Collins, chief executive officer of Novum Structures. "In addition to growing our European business, we fully expect to introduce this exciting product technology to the United States architectural market through our established sales team and brand. The acquisitions are part of our growth strategy to diversify and control risk using the opportunities available in the global economy."
