Parent company of Viakable to invest in Durango plant for Multipak in Mexico
Xignux announced that it will invest $5.9 million to build a plant for Multipak, a manufacturer of reels and spools for the wire and cable industry that is part of Viakable and based in Durango, Mexico. A press release said that the new plant will have a dimension of 12,000 sq meters in the Logistics […]
Prysmian named a preferred bidder for a Spanish grid interconnection project
The Prysmian Group announced that it has been selected as one of the preferred bidders for the Biscay Gulf interconnection project by INELFE, a joint venture between the Spanish grid operator, Red Eléctrica, and the French grid operator Réseau de Transport d’Électricité (RTE). A press release said that Biscay Gulf will be the first fundamentally […]
Nexans negotiating sale of its Telecom and Data business to private equity fund
Nexans has entered into exclusive negotiations with Syntagma Capital, a Belgium-based private equity fund, for the sale of its Telecom and Data business. A press release said that the proposed transaction “marks Nexans’ exit from the telecom and data activity in line with its strategy to simplify its activities and amplify its impact in electrification […]
Private equity fund extends its wire industry portfolio by acquiring 2 manufacturers
Auxo Investment Partners reported that it has acquired two U.S. manufacturers—TACK Electronics and Morgan Royce Industries (MRI)—for an undisclosed price. A press release said that the two companies manufacture custom wire harnesses, cable assemblies and box builds for the semiconductor equipment, aerospace and defense, gaming, medical, transportation and energy equipment industries. The additions follow Auxo’s […]
Kern-Liebers expands Mexican plant
Germany’s Kern-Liebers, a manufacturer of highly complex strip and wire parts and assemblies has expanded its Mexican production plant in Guadalupe, Nuevo Leon, with an investment of US$10 million. A press release said that the plant will produce 50 million high-precision parts for the automotive, medical and consumer goods industries, from seat belts and lifelines […]