SATA USA Inc. has signed an agreement to acquire Dan-Am Company, it announced in a news release Jan. 10.
The deal comes after decades of successful cooperation between Dan-Am Company, based in Spring Valley, MN, and SATA USA’s parent company, SATA GmbH & Co. KG, based in Germany. Dan-Am has been the exclusive distributor of SATA equipment in the U.S. and Puerto Rico.
“We are excited about this new chapter in the history of both Dan-Am and SATA,” said Mike Carlos Wolf, CSO of SATA GmbH & Co. KG. “This acquisition will allow us to continue to provide our industry partners and customers in the USA and Puerto Rico with the best equipment and outstanding service they know and love from SATA and Dan-Am now and, in the future.”
The acquisition of Dan-Am Company is a significant milestone for SATA and part of the company’s strategic growth initiatives to strengthen its presence in the whole North American market and expand its product portfolio.
SATA is committed to making the transition process smooth while maintaining and strengthening Dan-Am Company’s existing relationships with customers, suppliers and employees. Dan-Am Company customers can continue to expect the quality, reliability and service they have been accustomed to.
“We would also like to take this opportunity to express our sincere gratitude for the decades of excellent cooperation with the Dan-Am Company team and the Jorgensen family,” said Florian Kaiser, COO of SATA GmbH & Co. KG. “Their dedicated partnership and trust have been instrumental to the success and growth of both companies. We greatly appreciate the long-standing relationship and are grateful for the valuable contributions and support we have received from the Jorgensen family and their team.”
