M&A Deal Summary

General Cable Acquires BICC Egypt

On September 22, 2010, General Cable acquired electrical equipment company BICC Egypt for 22M USD

Acquisition Highlights
  • This is General Cable’s 5th transaction in the Electrical Equipment sector.
  • This is General Cable’s 3rd largest (disclosed) transaction.
  • This is General Cable’s 1st transaction in Egypt.

M&A Deal Summary
Date 2010-09-22
Target BICC Egypt
Sector Electrical Equipment
Buyer(s) General Cable
Deal Type Add-on Acquisition
Deal Value 22M USD

Target

BICC Egypt

Cairo, Egypt
BICC Egypt manufactures a wide variety of wire and cable products for the electrical markets including low voltage insulated power and control cables, building wire, instrumentation cable, halogen free power and control cables, and overhead power cables.

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Buyer(S) 1

Buyer

General Cable

Highland Heights, Kentucky, United States

website

Category Company
Founded 1992
Sector Electrical Equipment
Employees12,000
Revenue 4.2B USD (2015)
DESCRIPTION

General Cable Corp. develops, designs, manufactures, markets and distributes copper, aluminum and fiber optic wire and cable products and systems for the energy, industrial, specialty, construction, and communications markets. General Cable Corp. was formed in 1992 and is headquartered in Highland Heights, Kentucky.

DEAL STATS #
Overall 5 of 11
Sector (Electrical Equipment) 5 of 11
Type (Add-on Acquisition) 2 of 5
Country (Egypt) 1 of 1
Year (2010) 1 of 2
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-08-03 Gepco International

Wood Dale, Illinois, United States

Gepco Brand is a provider of professional broadcast, entertainment and audio/visual cable; cable assemblies in both standard and custom configurations; interconnect and cable-related accessories; and a full line of optical fiber solutions.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-09-26 Pakistan Cables

Karachi, Pakistan

Pakistan Cables Ltd., manufactures and sells copper rod wires and offers general wiring cable as well as low-voltage and medium voltage cables.

Buy -
Mergr

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