Sumitomo Electric acquires majority stake in Südkabel

Sumitomo Electric acquired a 90% stake in German high-voltage cable manufacturer Südkabel from the Wilms Group. The acquisition will support the manufacturing of 525 kV HVDC cables for two major projects awarded by Amprion, with a total value exceeding €3 billion.

“Sumitomo Electric announces the acquisition of majority shareholding in Südkabel, a renowned German high-voltage cable manufacturer, and the expansion of its production capacity in Mannheim, Germany, to locally manufacture the highest end 525 kV HVDC cables.”sumitomoelectric.com

• 1 source
• sumitomoelectric.comSumitomo Electric Makes Strategic Acquisition of German Cable Manufacturer Südkabel to Deliver Two Major HVDC Cable Projects for Amprion | Sumitomo ElectricJun 6, 2024

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