
New and improved NKT Cables is now reality. This is clear after NKT announced Wednesday that the major acquisition of ABB's high-voltage cable business has been finalized.
The purchase has been completed after the EU Commission approved the acquisition Monday. NKT Cables is buying ABB's high-voltage cable business (ABB HV Cable) for EUR 712 million. Furthermore, a new cable-laying vessel from the Swiss/Swedish conglomerate is included in the transaction, pushing the full purchasing sum to EUR 836 million.
Already a subscriber? Log in.
Read the whole article
Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
- Access all locked articles
- Receive our daily newsletters
- Access our app