# 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.

- Type: Acquisition
- Announced: 2022-11-10
- Where: Finland
- Value: $53.0M (53.0M EUR)
- Status: announced
- Products: low and medium voltage cables
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Nexans](https://endata.com/companies/5093.md) (acquirer)
- [Reka Cables](https://endata.com/companies/34142.md) (target)
- [Reka Industrial Oyj](https://endata.com/companies/62900.md) (partner)

## Sources

- [nexans.com](https://www.nexans.com/regulated-informations/nexans-signs-agreement-to-acquire-reka-cables-from-reka-industrial/), 2022-11-10: "Nexans SA announced today that it has entered into a Share Purchase Agreement with Reka Industrial Plc to acquire Reka Cables."

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