LC C&S reports off-shore cable contract
South Korea’s LS Cable & System (LS C&S) will supply submarine cables worth approximately $85 million to the Taiwan Power Company (TPC) for a wind farm to be built off the west coast of Taiwan. A press release said that the order is from Foxwell Energy, an energy enterprise based in Taiwan and the builder […]
Elektrisola has acquired the assets of Rea North American Magnet Wire
Elektrisola announced that it has acquired Rea’s North American magnet wire assets, including its five manufacturing plants in Indiana, Connecticut, Virginia and Mexico as well as its leased corporate offices in Fort Wayne, Indiana. A press release said that Elektrisola plans to continue operating the business under the well-known brand of Rea Magnet Wire, and […]
Private equity firm to buy International Wire Group, looks to further company growth
Stamford-based private equity firm Olympus Partners has agreed to acquire the International Wire Group (IWG) from its parent company, Atlas Holdings, in a deal reported to be valued at more than $900 million. “When we acquired IWG, we partnered with (IWG CEO and President) Greg Smith to transform and grow the business. In the four […]
NKT wins contract for Hornsea 3 project
NKT has been awarded a supply contract for the delivery of the high-voltage DC on- and offshore export cable system to the Hornsea 3 project which is being developed by Ørsted. A press release said that the order calls for the design, manufacturing, jointing and termination of the export power cable system for Hornsea 3. […]
Leoni AG undergoes financial restructuring, will emerge as privately owned company
Leoni AG has reached an agreement with lenders, bondholders and a strategic investor on a financial-restructuring plan that will result in the business having a firmer financial base through a series of steps being taken. Per multiple media accounts, Leoni said that it will receive a liquidity injection of €150 million and be relieved of […]