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Nexans signs agreement to acquire Reka Cables · Endata

◂ Announcements

Nov 10, 2022ACQUISITIONFinland

Nexans signs agreement to acquire Reka Cables

Nexans has entered into a Share Purchase Agreement to acquire Reka Cables from Reka Industrial Plc for an equity price of €53 million. Reka Cables manufactures low and medium voltage cables and is expected to have a turnover exceeding €160 million in 2022.

Value

$53.0M (53.0M EUR)

Status

Announced

Productslow and medium voltage cables

CompaniesNexans acquirer Reka Cables target Reka Industrial Oyj partner

Sectors#Electrical Equipment

“Nexans SA announced today that it has entered into a Share Purchase Agreement with Reka Industrial Plc to acquire Reka Cables.”nexans.com

1 source
nexans.comNexans acquires Reka Cables from Reka Industrial - NexansNov 10, 2022

Summarized from public sources; check the original articles before acting on it.

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