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Announced

Storskogen to acquire the cable support business of Schneider Electric for $48m.

Financials

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Transaction Value£87m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA2.49x
Share Price Premium-
One Off Charge-

Tags

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construction cables

Single Bidder

cables

specialised cables

Private

Majority

Domestic

Machinery: Specialty

Pending

Acquisition

Private Equity

Friendly

Sweden

Synopsis

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Storskogen, a private equity firm, agreed to acquire the cable support business of Schneider Electric, a manufacturer of electrical power products, for $48m. ”Schneider’s Cable Support business is a well-managed entity with premium products, an excellent management team and very skilled staff. The business rests on some strong underlying macro trends such as digitalization, electrification, urbanisation and renewable energy that I believe will benefit Cable Support going forward,” Fredrik Bergegård, Storskogen EVP and Head of Industry.

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