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Nexans concludes its acquisition of Intercond

Posted on 20.08.2008 - 15:00 UTC in ACQUISITION/MERGER NEWS by Rons_ROV_Links

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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