Volex completed the acquisition of DEKA for €62m.

Volex, the global supplier of integrated manufacturing services and power products, completed the acquisition of De-Ka Elektroteknik Sanayi ve Ticaret Anonim Şirketi, a power cord manufacturer, for €62m ($73m). "The acquisition of DEKA is an exceptional opportunity for Volex and is expected to be significantly earnings enhancing in the first full year of ownership. As one of the two leading power cord producers in Europe, with a strong management team and an impressive customer list, DEKA is a perfect fit with our business model. Furthermore, it accelerates our strategy of creating the most efficient and lowest-cost producer in the industry, providing an immediate and scalable European platform. The business has an excellent track record and is positioned well in high structural growth end-segments such as White Goods to deliver exciting growth in the future," Nat Rothschild, Volex Executive Chairman.