# 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.

- Type: Acquisition
- Announced: 2024-06-05
- Where: Mannheim, Germany
- Status: announced
- Products: 525 kV HVDC cables
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Sumitomo Electric](https://endata.com/companies/59337.md) (acquirer)
- [Südkabel](https://endata.com/companies/72007.md) (target)

## Sources

- [sumitomoelectric.com](https://sumitomoelectric.com/press/2024/06/prs025), 2024-06-06: "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."

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