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Nexans Exploring Interest in Selling Berk-Tek

por wireworld en 01/10/2012 - 05:45

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A press release on the website of global wire and cable giant Nexans says it’s considering offers for its Berk-Tek business unit, which focuses on low-voltage cable for U.S. local area network applications and generates annual sales of approximately $200 million.


 


 


The release said, “Following receipt of expressions of interest, Nexans is exploring the possibility of the sale of its Berk-Tek copper and fiber cable activity in the US.”


 


 


With a presence in 40 countries and commercial activities worldwide, Nexans, Paris, employs 25,000 people and had sales in 2011 of 7 billion euros (approximately US $9 billion).   With energy at the basis of its development, Nexans, worldwide expert in the cable industry, offers an extensive range of cables and cabling solutions. The Group is a global player in the energy transmission and distribution, industry and building markets.