Announced
Completed
Financials
Tags
Acquisition
Colombia
Cross Border
Electronic Components and Equipment
cable maker
Majority
Friendly
Private
Single Bidder
Completed
Synopsis
Nexans, a company in the cable and optical fiber industry, completed the acquisition of Centelsa, a cable maker, from Xignux, a company dedicated to the energy and food industries, for $225m deal. “Centelsa acquisition is fully aligned with the Group’s strategic ambition to become a Pure Electrification Player and it enhances Nexans commitment to electrify the world. This world class, iconic South American operation further contributes to Nexans ability to serve renewable projects in the Andean Region and enhances the group capacity in our Building and Energy Distribution activity. This combination will be the stepstone to grow our ‘best-in-class’ solutions and unique premium brand," Christopher Guérin, Nexans CEO. On March 21, 2022, Nexans receives approval from $225m acquisition of Centelsa.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.