NKT to acquire Ventcroft.

NKT, a developer of accessories and solutions for electrical infrastructure, agreed to acquire Ventcroft, a manufacturer of fire cable and security alarm cables. Financial terms are not disclosed. "Safety is a top priority to both us and our customers and we see a growing focus on fireresistant power cables in the construction industry. We are pleased to welcome Ventcroft to NKT and add their leading technology to our portfolio and expect them to benefit from our broad reach across the European market as part of our growth journey," Will Hendrikx, NKT Executive Vice President.