Elcowire Group acquires NKT's Railway business

Elcowire Group AB has entered into an agreement to acquire NKT's Railway business, located in Hettstedt, Germany. The acquisition will strengthen Elcowire's position in the railway market and is expected to close no later than Q1 2019, subject to regulatory approval.

“The acquisition has a perfect strategic fit, to focus on value added products and strengthen our position in the Railway on the global market.”prweb.com

• 1 source
• prweb.comElcowire Group Acquires NKT's Railway BusinessElcowire GroupSep 27, 2018

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