# 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.

- Type: Acquisition
- Announced: 2024-06-05
- Where: Mannheim, Germany
- Value: $97.5M (90.0M EUR)
- Status: announced
- Capacity: 300 km of 525 kV HVDC cable
- Products: 525 kV HVDC cables
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Amprion](https://endata.com/companies/10110.md) (customer)
- [Sumitomo Electric Industries](https://endata.com/companies/16532.md) (acquirer)
- [Südkabel](https://endata.com/companies/72007.md) (target)
- [Wilms Group](https://endata.com/companies/79491.md) (investor)

## Sources

- [wirenet.org](https://wirenet.org/industry-news/sumitomo-to-acquire-german-manufacturer-to-make-cable-for-2-orders-worth-e3-billion/), 2024-07-05: "With this acquisition, we can fully localize production in Germany to support Amprion and the energy transition."
- [electricalindia.in](https://www.electricalindia.in/sumitomo-electric-makes-strategic-acquisition-of-german-cable-manufacturer-sudkabel/), 2024-08-29: "The new cable production facilities in the UK and Germany will make a significant contribution to the decarbonization of 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.