Product category: Cables and Wires
News Release from: B3 Cable Solutions
Edited by the Electronicstalk Editorial Team on 31 October 2006
Acquisition to unify cables businesses
B3 Cable Solutions has signed an agreement to purchase the ABB Cables business, based in Longford, Ireland
The deal is expected to complete during November. Mike Walton, Managing Director at B3 explains: 'This is an important acquisition for B3 Cable Solutions; not only does it mark the commencement of our strategy to increase our market penetration in Europe, it also serves to diversify our product portfolio and manufacturing capabilities'.
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'Furthermore the ABB customer base is an important consideration for us, since the company currently serves many blue chip customers across Europe'.
'We are extremely pleased to have reached agreement with the management of ABB'.
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