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M&A Deal Summary

Nexans Acquires Olex Australia Pty

On November 8, 2006, Nexans acquired electrical equipment company Olex Australia Pty for 515M USD

Acquisition Highlights
  • This is Nexans’ 2nd transaction in the Electrical Equipment sector.
  • This is Nexans’ largest (disclosed) transaction.
  • This is Nexans’ 1st transaction in Australia.

M&A Deal Summary
Date 2006-11-08
Target Olex Australia Pty
Sector Electrical Equipment
Buyer(s) Nexans
Deal Type Add-on Acquisition
Deal Value 515M USD

Target

Olex Australia Pty

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

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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 2 of 13
Sector: Electrical Equipment M&A 2 of 11
Type: Add-on Acquisition M&A Deals 2 of 9
Country: Australia M&A 1 of 1
Year: 2006 M&A 1 of 1
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-12-02 Kukdong Electric Wire Co.

Jincheon, South Korea

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

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-09 The Valley Group

Ridgefield, Connecticut, United States

The Valley Group, Inc. develop real-time rating equipment, software and services.

Buy -
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