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

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.