Nexans concludes its acquisition of Intercond
Posted on 20.08.2008 - 15:00 EDT in ACQUISITION/MERGER NEWS by Rons_ROV_Links
Nexans, 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.