M&A Deal Summary

Nexans Acquires Reka Cables

On November 10, 2022, Nexans acquired manufacturer Reka Cables from Reka Industrial for 53M EUR

Acquisition Highlights
  • This is Nexans’ 1st transaction in the Manufacturing sector.
  • This is Nexans’ 4th largest (disclosed) transaction.
  • This is Nexans’ 1st transaction in Finland.

M&A Deal Summary

Date 2022-11-10
Target Reka Cables
Sector Manufacturing
Buyer(s) Nexans
Sellers(s) Reka Industrial
Deal Type Divestiture
Deal Value 53M EUR

Target

Reka Cables

Hyvinkaa, Finland
Reka Cables is a manufacturer of low and medium voltages cables for the Usages and Distribution applications. Reka Cables was founded in 1961 and is based in Hyvinkaa, Finland.

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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 10 of 13
Sector: Manufacturing M&A 1 of 2
Type: Divestiture M&A Deals 3 of 3
Country: Finland M&A 1 of 1
Year: 2022 M&A 1 of 1
Size (of disclosed) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-10 Centelsa

Yumbo, Colombia

Centelsa is a manufacturing company of cables for energy and communications. Centelsa has a network of strategically located offices to cover the national and international markets, thus offering outstanding service levels. Centelsa was founded in 1955 and is based in Yumbo, Colombia.

Buy $225M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-06 Aginode

Paris, France

Aginode designs, manufactures, and distributes smart connectivity solutions based on optical fiber and copper technologies to data centers, smart buildings, and telecom operators. Aginode headquartered in Paris, France and has 8 sites located in France, Belgium, Germany, Greece, Morocco, and China.

Sell -

Seller(S) 1

SELLER

Reka Industrial

Hyvinkaa, Finland

Category Company
Founded 1898
Sector Manufacturing
Employees270
Revenue 27M EUR (2024)
DESCRIPTION

Reka Industrial is a manufacturer and seller of cables and rubbers. Reka Industrial was founded in 1898 and is based in Hyvinkaa, Finland.


DEAL STATS #
Overall 1 of 1
Sector: Manufacturing M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Finland M&A 1 of 1
Year: 2022 M&A 1 of 1
Size (of disclosed) 1 of 1