Nexans completes sale of Berk-Tek to Leviton
01 Ottobre 2020 - 10:00AM
Nexans completes sale of Berk-Tek to Leviton
NEXANS COMPLETES SALE OF BERK-TEK TO
LEVITON
Paris, October
1st, 2020 – Nexans
announced today the completion of the sale Berk-Tek to Leviton for
a total purchase price of $202 million. As already announced on
July 17th 2020, the transaction carries a valuation of
approximately 10 times over 2019 stand-alone adjusted EBITDA.
About Nexans
Nexans is a key driver for the world’s
transition to a more connected and sustainable energy future. For
over 120 years, the Group has brought energy to life by providing
customers with advanced cable technologies for power and data
transmission. Today, Nexans goes beyond cables to offer customers a
complete service that leverages digital technology to maximize the
performance and efficiency of their critical assets. The Group
designs solutions and services along the entire value chain in
three main business areas: Building & Territories (including
utilities and emobility), High Voltage & Projects (covering
offshore wind farms, subsea interconnections, land high voltage),
and Industry & Solutions (including renewables, transportation,
oil and gas, automation, and others).Corporate Social
Responsibility is a guiding principle of Nexans’ business
activities and internal practices. In 2013 Nexans was the first
cable provider to create a Foundation supporting sustainable
initiatives bringing access to energy to disadvantaged communities
worldwide. The Group’s commitment to developing ethical,
sustainable and high-quality cables also drives its active
involvement within leading industry associations, including
Europacable, the NEMA, ICF and CIGRE. Nexans employs nearly 26,000
people with an industrial footprint in 34 countries and commercial
activities worldwide. In 2019, the Group generated 6.7 billion
euros in sales.
Nexans is listed on Euronext Paris, compartment
A.For more information, please visit
www.nexans.com
Contacts:
Communication
Financial Communication
Catherine
Garipoglu
Aurélia Baudey-VignaudTel.: + 33 (0)1 78 15 04
78
Tel.: +33 (0)1 78 15 03
94catherine.garipoglu@nexans.com
aurelia.baudey-vignaud@nexans.com
Minaa El BazTel. : +33 (0)1 78 15 04
65minaa.el_baz@nexans.com
- 2020_10_01_pr-NEXANS COMPLETES SALE OF BERK-TEK TO LEVITON
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