[Toronto] Shawcor announced that it has acquired Kanata Electronic Services(“Kanata”), a privately owned manufacturer and supplier of specialty cable assemblies and wire harnesses for the nuclear and aerospace industries. Kanata serves customers around the globe from a single, Toronto area site and will be integrated into Shawcor’s ShawFlex wire and cable business.
While Kanata primarily serves the nuclear and spacecraft industries with highly sophisticated, custom cable assemblies, it is also a recognized leader in the design, manufacture and supply of specialty cable and wire harness solutions for the military, medical and commercial industries. In the first nine months of 2022, Kanata generated approximately $3 million in revenue.
Frank Cistrone, President of Shawcor’s Automotive & Industrial segment says, “The addition of Kanata to our existing wire and cable portfolio will unlock significant opportunities for vertical integration and market expansion over the coming years” and “Kanata’s portfolio of technologies, certifications and customer relationships are tightly aligned to ShawFlex’s existing capabilities and will accelerate our strategic growth objectives in key market sectors and geographies."
