Wirenet Image Band
wirenet.org mobile image band

Wire Journal News

November 6, 2019

Prysmian reports Carlisle offer for Draka Fileca SAS; deal valued at €73 million

Written by
Rate this item
(0 votes)

The Prysmian Group announced that it has received a binding offer from Carlisle Companies Incorporated for the acquisition of the business of Draka Fileca SAS (Fileca) in a transaction valued at €73 million.

A press release said that Fileca, which was acquired by Prysmian in 2011 as part of the Draka acquisition, is a global supplier of highly engineered cables for the aerospace and space end markets. Based in France, it generates revenues of €44 million and reported adjusted EBITDA of approximately €5 million in 2018. Fileca, provided first generations of aerospace cables to the Concorde program.

The transaction is expected to be completed during the first quarter of 2020.

Read 58 times
 

Contact us

The Wire Association Int.

71 Bradley Road, Suite 9

Madison, CT 06433-2662

P: (203) 453-2777