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Sumitomo Electric to acquire 90% stake in Südkabel and expand Mannheim plant · Endata

◂ Announcements

Jun 5, 2024ACQUISITIONMannheim, Germany

Sumitomo Electric to acquire 90% stake in Südkabel and expand Mannheim plant

Sumitomo Electric will acquire a 90% stake in Südkabel GmbH and invest approximately €90 million to expand the Mannheim facility for 525 kV HVDC cable production. The cables will supply Amprion's Korridor B and Rhein-Main-Link projects worth about €3 billion. Announced July 5, 2024.

Value

$97.5M (90.0M EUR)

Status

Announced

Capacity

300 km of 525 kV HVDC cable

Products525 kV HVDC cables

CompaniesAmprion customer Sumitomo Electric Industries acquirer Südkabel target Wilms Group investor

Sectors#Electrical Equipment

“With this acquisition, we can fully localize production in Germany to support Amprion and the energy transition.”wirenet.org

2 sources
wirenet.orgSumitomo Electric Südkabel AcquisitionWJI staff, wire servicesJul 5, 2024
electricalindia.inSumitomo Electric Makes Strategic Acquisition of German Cable Manufacturer Südkabel | Electrical India MagazineEditor, Chary PublicationsAug 29, 2024

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

More from Amprion

Dec 20, 2024CONTRACTHeide, Wilhelmshaven, Polsum, Hamm, Germany
Hitachi Energy wins over EUR 2B order from Amprion for HVDC converter stations
Hitachi Energy Siemens Mobility customer amprion.net hitachienergy.com
Jun 6, 2024CONTRACTWilhelmshaven and Hamm, Germany, Germany$3.26B
Sumitomo Electric wins €3B power cable order from Amprion in Germany
Sumitomo Electric Industries Amprion customer nikkei.com
Jun 5, 2024CONTRACTMannheim, Germany$3.26B
Sumitomo Electric wins €3B+ HVDC cable projects from Amprion
Sumitomo Electric Amprion customer sumitomoelectric.com amprion.net
Mar 6, 2024CONTRACTDortmund, Germany, Germany$1.30B
NKT wins €1.2 billion high-voltage cable contracts from Amprion in Germany
NKT Amprion customer power-technology.com transformer-magazine.com wirenet.org
Mar 5, 2024CONTRACTGermany, Germany$1.30B
NKT awarded EUR 1.2bn power cable projects by Amprion
Amprion customer NKT supplier news.cision.com
Mar 5, 2024CONTRACTHeide West substation in Schleswig-Holstein to Polsum in North Rhine-Westphalia, Germany$1.30B
Amprion awards billion-euro contract to NKT for HVDC cables
Amprion customer NKT supplier amprion.net

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