Announced
Financials
Tags
construction cables
Single Bidder
cables
specialised cables
Private
Majority
Domestic
Machinery: Specialty
Pending
Acquisition
Private Equity
Friendly
Sweden
Synopsis
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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