Announced
Completed
Financials
Tags
Cross Border
Majority
Single Bidder
Acquisition
Friendly
fiber-optic
Completed
United States
Telecommunications Equipment
Private
Synopsis
Leviton, an American manufacturer of electrical wiring equipment, completed the acquisition of Berk-Tek, a US manufacturer of fiber-optic and copper network cabling, from Nexans, a France-based company engaged in the cable industry, for $202m. "Berk-Tek is a highly respected North American cabling company with exceptional manufacturing and product development capabilities. By adding Berk-Tek to the Leviton family, we provide truly end-to-end system solutions to our customers, with full integration across engineering, manufacturing and network expertise," Daryoush Larizadeh, Leviton President and Chief Operating Officer.
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