NKT acquires Portuguese cable manufacturer Solidal

NKT A/S announced the acquisition of Solidal, a Portuguese manufacturer of aluminum cables for the power grid. The deal is expected to generate EUR 7 million in synergies by 2026, and a EUR 50 million site expansion is planned.

“SolidAl provides a strong strategic fit in terms of capacity and competence, strengthening NKT’s position in serving customers with end-to-end grid solutions, particularly the growing demand for medium- and high-voltage power cables up to 225 kV.”view.news.eu.nasdaq.com

• 3 sources
• view.news.eu.nasdaq.comNKT acquires SolidAl, adding medium- and high-voltage capacity to address growing grid demandJun 21, 2024
• stockanalysis.comNKT A/S (CPH:NKT) Transcript: M&A AnnouncementJun 21, 2024
• globenewswire.comNKT acquires SolidAl, adding medium- and high-voltageNkt A/SJun 21, 2024

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