Italy’s SAMP Group reports that it has finalized its acquisition of Cortinovis do Brasil, an addition that will strengthen its global footprint in Latin American growth markets.

A press release said that the deal strengthens its global presence in the strategic growth markets of Latin America and Brazil in particular. “SAMP thereby also broadens its product portfolio to strengthen its position as the only cable equipment supplier to offer an integrated suite of machines for every step of the cable manufacturing process.”

The company notes that the acquisition comes on top of strong 35% per annum year-on-year organic revenue growth since 2021. This represents another key step in the on-going transformation of the company. The product lines of Cortinovis do Brasil—a well-known and trusted player in the Brazilian and Latin American market for five decades—augments SAMP’s portfolio of integrated machines to produce cables end-to-end.

SAMP Group CEO Jouni Heinonen said that the company is pleased “to welcome Cortinovis do Brasil back into the SAMP family. ... The firm’s stabile reputation in the region will help us to expand our presence in the important growth markets of Latin America.”

The representative office of Cortinovis do Brasil in São Bernardo Do Campo will continue activity in the same location with consistent leadership that regional clients have relied on for many years.