Apem Components, Inc.

APEM was established in France in 1952 for the manufacture of industrial switches. In 1971 after enjoying years of solid growth, APEM established a second manufacturing facility in France for the manufacture of miniature switches. In 1976 APEM began a strategy of international expansion by establishing sales subsidiaries in Germany, Belgium, Great Britain and Sweden. To support the expansion and resulting growth, APEM also established additional manufacturing facilities in Tunisia in 1980.

APEM's continuing growth and prosperity attracted the attention of MORS, who acquired them in 1983. MORS is a diverse French conglomerate that began in the early 1900's as an automobile manufacturer and later became a leader in numerous high technology industries.

Under MORS, the switch division continued their pattern of strong growth. To further their goal of becoming a global switch source, MORS acquired American Switch Corp. (ASC) of Wakefield, MA in 1991 to assert a solid presence in the North American market. American Switch Corp. had established a reputation for high quality engineered and manufactured products and served the U.S. market for nearly 20 years.

In March of 1995, to further enhance future prospects and provide for continued and more focused growth, MORS spun off their successful switch division as a new company on the Paris Stock Exchange, under their prior successful name, APEM.

Especially noteworthy is that today, with our new beginning, APEM ranks third worldwide in the miniature switch market and continues to pursue a solid record of growth.