# Ningbo Orient Wires & Cables to acquire 8.5% stake in UK's XLCC for £10M

Ningbo Orient Wires & Cables (Oriental Cable) will invest £10 million to acquire about 8.5% equity in UK-based XLCC Limited, a high-voltage direct current (HVDC) cable manufacturer. The two companies also signed a strategic cooperation agreement for HVDC cable design and manufacturing.

- Type: Acquisition
- Announced: 2024-01-23
- Where: England, United Kingdom, United Kingdom
- Value: $12.7M (10.0M GBP)
- Status: announced
- Products: HVDC cables, cable accessories
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Ningbo Orient Wires & Cables](https://endata.com/companies/33222.md)
- [XLCC](https://endata.com/companies/57294.md) (target)

## Sources

- [epaper.cs.com.cn](https://epaper.cs.com.cn/zgzqb/html/2024-01/23/nw.D110000zgzqb_20240123_2-B043.htm), 2024-01-23: "宁波东方电缆股份有限公司本次拟通过境外直接投资的方式认购英国XLCC Limited公司约8.5%股权"

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