Prysmian Draka Fileca Sale Agreement Announced
Theย Prysmian Draka Fileca saleย marks a strategic shift forย Prysmian Groupย (https://www.prysmiangroup.com). The company has accepted aย binding offer from Carlisle Companies Incorporatedย (https://www.carlisle.com) to acquireย Draka Fileca SAS (Fileca). The deal carries a total value ofย โฌ73 million.
Aerospace Cable Specialist with Global Reach
Fileca operates as aย global supplier of aerospace and space cables. It focuses onย high-performance, engineered solutions. The company is based inย Franceย and generates aboutย โฌ44 million in annual revenue. In 2018, it reported approximatelyย โฌ5 million in adjusted EBITDA.
Notably, Fileca supported early aerospace innovation. For example, it supplied cables for the historicย Concorde program. As a result, it built a strong reputation forย advanced engineering expertise.
Strategic Value of the Prysmian Draka Fileca Sale
Prysmian acquired Fileca in 2011 through itsย Draka acquisition. Now, however, the company is refining its strategic focus. Therefore, this sale allows Prysmian to streamline operations.
At the same time, Carlisle can expand its position in theย aerospace cable market. In particular, it gains access to specialized technology and industry experience.
Transaction Timeline and Next Steps
The companies expect to complete the deal in theย first quarter of 2020. However, they must first meet standard closing conditions. Meanwhile, both sides continue to support a smooth transition.
