ROVworld Subsea Information

Nexans concludes its acquisition of Intercond
Date: Wednesday, August 20, 2008 @ 16:00:00 EDT
Topic: ACQUISITION/MERGER NEWS


Nexans concludes its acquisition of IntercondNexans, the worldwide leader in the cable industry, announces the closing of its acquisition of the Italian company Intercond, a leading European manufacturer of special cables, mainly for industrial equipment including subsea activities.

This acquisition, announced on May 29, reinforces the Group's leadership in the fast-growing industrial cable activities.

The acquisition was realized for an Enterprise Value of 90 million euro.







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