2024-11-22
http://w3.windfair.us/wind-energy/news/24542-nkt-cables-abb-aquisition-european-commission

European Commission Greenlights Aquisition of ABB's High-Voltage Cables Business

nkt cables has closed the transaction on march 1st, 2017.

Official Press Release nkt cables:

nkt cables' acquisition of ABB HV Cables completed

Wind Industry Profile of
nkt cables' acquisition of ABB HV Cables completed

As previously reported the European Commission has approved that NKT Cables’ acquisition of the ABB high-voltage cables business can be completed as planned.

Closing of the transaction is completed as of March 1st, 2017. NKT Cables’ projects business which comprises AC/DC on- and offshore high-voltage cables will be headed by Andreas Berthou, former SVP of ABB HV Cables. Andreas Berthou has been with the company since 1999 and holds extensive experience with the  on- and offshore AC/DC industry. Detlev Waimann, former head of NKT Cables’ projects business, will take up a position as Chief Technology Officer (CTO)  responsible, among others, for the company’s significant R&D and innovation activities as well as Regulatory... ... More: Official Press Release nkt cables

Keywords:
nkt cables, ABB, aquisition, European Commission







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