Last updated: May 13, 2016
1 minutes read
Makes data centre cable systems
Cable systems company Prysmian Group is buying a copper data cable operation located in Germany from Corning Optical Communications. The acquired business reported sales of approximately €22m in 2015, and consists of a plant for the production of CAT5, CAT6 and CAT7 cables.
The investment will allow the Group to further expand its presence and speed up growth strategy in the MultiMedia Solutions business segment. In particular the acquired business will enhance the Group’s product offering for high-capacity and flexible cable for data transmission and data centre solutions, it says.
The closing of the acquisition is subject to customary closing conditions.