mynth
04/2023

REKA CABLES acquired by NEXANS

FINLAND Industrial Equipment / Components / Cabling & Connectivity EV 50M - 150M EUR

Context

Nexans has completed the acquisition of Reka Cables to consolidate its presence in the Nordic region, a market at the forefront of the global energy transition. This transaction aligns with Nexans' strategy to focus purely on electrification. By integrating Reka's local manufacturing footprint and premium brand, Nexans significantly strengthens its ability to serve the Nordic distribution grid and the booming onshore wind sector. The deal also reinforces the group's sustainability credentials, as Reka brings industry-leading carbon neutrality standards. Operationally, Reka Cables will be integrated into Nexans' "Distribution & Usage" business group, allowing for immediate commercial synergies across Scandinavia.

REKA CABLES, which reported an EBITDA margin of LOGIN in 2022, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level LOGIN than the average currently observed in the Industry & Manufacturing sector (11.6x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

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Target

Finnish manufacturer of high, medium, and low voltage cables.

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Historical Financials (EUR)

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REFERENCES

Valuation range: EV 50M - 150M EUR

Revenue range: 100M - 200M EUR

EBITDA range: 5M - 25M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of REKA CABLES by NEXANS are reserved for mynth community members. Register for free to unlock full data.

Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Target: reka cables

Acquirer: nexans