Nexans to acquire Reka Cables from Reka Industrial for $53m.

Nexans, a global company in the cable and optical fiber industry, agreed to acquire Reka Cables, a cables manufacturer, from Reka Industrial, a private equity firm, for $53m. “With a deep commitment to energy transition and carbon neutrality, Reka Cables is fully aligned with the Group’s strategic ambition to become a Pure Electrification Player committed to contribute to carbon neutrality by 2030. This premium Finnish operation will further contribute to Nexans’ ability to serve our Nordic customers with high quality and safe cables in the region. I am convinced that this operations will benefit the teams of both Reka Cables and Nexans, with synergies and development opportunities ahead of them," Christopher Guérin, Nexans CEO.