# 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.

- Type: Acquisition
- Announced: 2018-09-27
- Where: Hettstedt, Germany, Germany
- Status: announced
- Products: overhead catenary wires, drawn wire for railways
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [NKT](https://endata.com/companies/15394.md) (target)
- [Elcowire Group](https://endata.com/companies/34561.md) (acquirer)

## Sources

- [prweb.com](https://www.prweb.com/releases/elcowire-group-acquires-nkt-s-railway-business-879364561.html), 2018-09-27: "The acquisition has a perfect strategic fit, to focus on value added products and strengthen our position in the Railway on the global 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.