Nexans signs agreement to acquire Reka Cables from Reka Industrial

Nexans SA announced today that it has entered into a Share Purchase Agreement with Reka Industrial Plc to acquire Reka Cables. This acquisition will strengthen Nexans’ position in the Nordics notably in electricity Distribution and Usages.

Founded in 1961, Reka Cables is active in the manufacturing of low and medium voltages cables for the Usages and Distribution applications. With a turnover expected to exceed 160 million euros in 2022 and 270 people, the company is one of the leaders of the Finnish market operating in four countries and benefits from a premium reputation in the Nordics. It became in November 2021 one of the first cable manufacturers to become Carbon Neutral on scope 1 and scope 2.

JPMorgan European Discovery Trust plc (LON:JEDT) is an investment trust company. The Investment Trust JEDT objective is to achieve capital growth from a portfolio of quoted smaller companies in Europe, excluding the United Kingdom.

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