# nkt cables to acquire ABB HV Cables for EUR 712 million

nkt cables has entered into a purchase agreement to acquire ABB HV Cables from ABB Group at an enterprise value of EUR 712 million (DKK 5.3 billion), plus EUR 124 million for a committed cable-laying vessel.

- Type: Acquisition
- Announced: 2016-09-27
- Where: Switzerland
- Value: $750.0M (712.0M EUR)
- Status: announced
- Products: high-voltage cables
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [NKT Cables](https://endata.com/companies/271.md) (acquirer)
- [ABB](https://endata.com/companies/1547.md) (investor)
- [ABB HV Cables](https://endata.com/companies/20785.md) (target)

## Sources

- [w3.windfair.net](https://w3.windfair.net/nktcables/newsarchive?page=2), 2016-12-16: "nkt cables has entered into a purchase agreement to acquire ABB HV Cables, a wholly owned business of the ABB Group, at an enterprise value of EUR 712m (DKK 5.3bn)."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.