# 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.

- Type: Acquisition
- Announced: 2024-06-21
- Where: Portugal, Portugal
- Status: completed
- Capacity: medium- and high-voltage up to 225kV
- Products: aluminum cables, medium-voltage power cables, high-voltage power cables
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [NKT](https://endata.com/companies/15394.md) (acquirer)
- [Solidal](https://endata.com/companies/78178.md) (target)
- [Njord Partners](https://endata.com/companies/78183.md) (investor)
- [Njord Partners](https://endata.com/companies/78183.md) (partner)

## Sources

- [view.news.eu.nasdaq.com](https://view.news.eu.nasdaq.com/view?id=b0b9fcbf4bb91680e9530296e19056ed9&lang=en&src=listed), 2024-06-21: "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."
- [stockanalysis.com](https://stockanalysis.com/quote/cph/NKT/transcripts/205241-m-a-announcement/), 2024-06-21: "Today, we are proud to announce the acquisition of Solidal, a leading manufacturer of a broad range of primarily aluminum cables, whose products address the power grid value chain."
- [globenewswire.com](https://www.globenewswire.com/news-release/2024/06/21/2902130/0/en/NKT-acquires-SolidAl-adding-medium-and-high-voltage-capacity-to-address-growing-grid-demand.html), 2024-06-21: "NKT has acquired SolidAl, a Portugal-based power cable company, from Njord Partners, adding medium- and high-voltage capacity to meet the growing demand from grid upgrades and renewable energy projects across Europe."

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