# NKT Cables completes acquisition of ABB HV Cables

NKT Cables has completed its acquisition of the ABB high-voltage cables business, following European Commission approval.

- Type: Acquisition
- Announced: 2017-03-01
- Where: Karlskrona and Alingsås, Sweden, Sweden
- Jobs: 1,000
- Status: completed
- Products: high-voltage cables
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

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

## Sources

- [nkt.com](https://www.nkt.com/news-press-releases/nkt-cables-acquisition-of-abb-hv-cables-completed), 2017-03-01: "As previously reported the European Commission has approved that NKT Cables’ acquisition of the ABB high-voltage cables business can be completed as planned."
- [new.abb.com](https://new.abb.com/news/detail/930/abb-completes-divestment-of-cable-business-to-nkt), 2017-03-01: "We are pleased to close the divestment with NKT Cables, an experienced specialist in this market."

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