Prysmian Draka Fileca Sale Agreement Announced
The Prysmian Draka Fileca sale marks a strategic shift for Prysmian Group (https://www.prysmiangroup.com). The company has accepted a binding offer from Carlisle Companies Incorporated (https://www.carlisle.com) to acquire Draka Fileca SAS (Fileca). The deal carries a total value of €73 million.
Aerospace Cable Specialist with Global Reach
Fileca operates as a global supplier of aerospace and space cables. It focuses on high-performance, engineered solutions. The company is based in France and generates about €44 million in annual revenue. In 2018, it reported approximately €5 million in adjusted EBITDA.
Notably, Fileca supported early aerospace innovation. For example, it supplied cables for the historic Concorde program. As a result, it built a strong reputation for advanced engineering expertise.
Strategic Value of the Prysmian Draka Fileca Sale
Prysmian acquired Fileca in 2011 through its 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 the 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 the first quarter of 2020. However, they must first meet standard closing conditions. Meanwhile, both sides continue to support a smooth transition.
