M&A Deal Summary

Nexans Acquires Kukdong Electric Wire Co.

On December 2, 2002, Nexans acquired electrical equipment company Kukdong Electric Wire Co.

Acquisition Highlights
  • This is Nexans’ 1st transaction in the Electrical Equipment sector.
  • This is Nexans’ 1st transaction in South Korea.

M&A Deal Summary

Date 2002-12-02
Target Kukdong Electric Wire Co.
Sector Electrical Equipment
Buyer(s) Nexans
Deal Type Add-on Acquisition
Advisor(s) Seale & Associates (Financial)

Target

Kukdong Electric Wire Co.

Jincheon, South Korea
Kukdong Electric Wire Co., is a manufactures of in shipboard and marine cables.

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Buyer(S) 1

Buyer

Nexans

Paris, France

Category Company
Founded 1994
Sector Electrical Equipment
Employees28,500
Revenue 8.5B EUR (2024)
DESCRIPTION

Nexans provides cables and cabling solutions for energy infrastructure, industry, and building markets worldwide. It operates through three segments: Transmission, Distribution, and Operators; Industry; and Distributors and Installers. Nexans was founded in 1994 and is based in Courbevoie, France.


DEAL STATS #
Overall 1 of 13
Sector: Electrical Equipment M&A 1 of 11
Type: Add-on Acquisition M&A Deals 1 of 9
Country: South Korea M&A 1 of 1
Year: 2002 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-11-08 Olex Australia Pty

Tottenham, Australia

Olex Australia Pty Ltd. is a manufacturer of electrical cable.

Buy $515M