Nexans SA announced the acquisition of Reka Cables by signing a shared purchase agreement with Reka Industrial Plc. The acquisition is finalized at an equity price of USD 56 million. The completion of this agreement is to be achieved in the first half of 2023. With the help of Reka Industrial Plc, Nexam is to serve its customers with high-quality cables in Norway.
Habia Cable announced to sell the company to HEW-KABEL Holding GmbH. The ownership transfer was completed by the thirs quarter of 2022.
Author Credits: Abhishek Verma, Hetal Singh