Sumitomo Electric acquires 90% of Südkabel GmbH for Major HVDC Cable Projects
Acquiring Company
Sumitomo Electric Industries, Ltd
Acquired Company
Südkabel
Osaka
MannheimManufacturingEnergyRenewable EnergyManufacturingAutomotiveDescription
Sumitomo Electric has strategically acquired 90% of Südkabel GmbH, a German cable manufacturer, to fully localize the production and construction of high-voltage direct current (HVDC) cable systems in Germany. This acquisition enables Sumitomo Electric to support major HVDC projects for Amprion and reinforces its manufacturing capabilities in Europe.
Quick answer
Sumitomo Electric Industries, Ltd is acquiring Südkabel, announced June 6, 2024. Sumitomo Electric Industries, Ltd is based in Osaka, Osaka Prefecture, Japan.
- How much did Sumitomo Electric Industries, Ltd pay for Südkabel?
- The deal value was not disclosed.
- What does Sumitomo Electric Industries, Ltd do?
- Sumitomo Electric Industries is a leading multinational corporation specializing in electric wire and cable products.
- Where are Sumitomo Electric Industries, Ltd and Südkabel based?
- Sumitomo Electric Industries, Ltd is based in Osaka, Osaka Prefecture, Japan. Südkabel is based in Mannheim, Baden Württemberg, Germany.
- Who are the decision-makers at Sumitomo Electric Industries, Ltd?
- Fundz holds 1 contact at Sumitomo Electric Industries, Ltd. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Frequently asked
Who acquired Südkabel?
Südkabel was acquired by Sumitomo Electric Industries, Ltd, based in Osaka. The deal was reported on June 6, 2024. Sumitomo Electric Industries is a leading multinational corporation specializing in electric wire and cable products. Sumitomo Electric Industries, Ltd is publicly traded (SMTOY) and operates in Manufacturing.
When did Sumitomo Electric Industries, Ltd acquire Südkabel?
Sumitomo Electric Industries, Ltd's acquisition of Südkabel was reported on June 6, 2024. Sumitomo Electric has strategically acquired 90% of Südkabel GmbH, a German cable manufacturer, to fully localize the production and construction of high-voltage direct current (HVDC) cable systems in Germany. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Südkabel do?
Südkabel is a renowned cable manufacturer in Germany, specializing in the production of high-quality cables for various applications. Located strategically, the company serves the energy, automotive, and communications sectors. It is privately held, operating in Manufacturing, and is based in Mannheim.
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