# Prysmian Group to acquire EHC Global for CAD 130M

Prysmian Group has agreed to acquire 100% of EHC Global, a manufacturer of escalator handrails, rollers, elevator belts and components for the vertical transportation industry, for 130 million CAD. The transaction is expected to close in Q4 2020.

- Type: Acquisition
- Announced: 2020-07-22
- Where: Oshawa, Canada, Canada
- Value: $97.5M (130.0M CAD)
- Status: announced
- Products: escalator handrails, rollers, elevator belts, vertical transportation components
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Prysmian](https://endata.com/companies/968.md) (acquirer)
- [EHC Global](https://endata.com/companies/36292.md) (target)

## Sources

- [prysmian.com](https://www.prysmian.com/en/press-releases/prysmian-group-to-acquire-ehc-global-leading-manufacturer-of-strategic-components-and-integrated-solutions-for-the-vertical-transportation-industry-based-in-canada), 2020-07-22: "The acquisition of EHC Global is in line with Prysmian Group’s strategy to grow and reinforce its value-added businesses."
- [drakaehc.com](https://drakaehc.com/prysmian-group-to-acquire-ehc-global/), 2020-07-22: "We are pleased to announce that EHC Global (EHC) has entered into an agreement to sell 100% of EHC to Prysmian Group."
- [elevatorworld.com](https://elevatorworld.com/news/international-news/acquisitions-moves-contracts-pandemic-responses-and-more/), 2020-09-01: "Prysmian Group announced on July 22 it will acquire 100% of EHC Global, 'a complementary add-on to Prysmian's Draka` Elevator business.'"

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