Deloitte advised Nexans in the acquisition of Reka Cables from Reka Industrial
Nexans SA, one of the world’s leading suppliers of advanced cable technologies for power and data transmission, announced on Thursday 10th November 2022 that it has signed an agreement with Reka Industrial regarding the purchase of Reka Cables.
Reka Cables is the largest Finnish-owned cable manufacturer operating in four countries and with expected revenue of over 160 million euros in 2022.
The acquisition will strengthen Nexans’ position in the Nordics. Completion of the transaction is subject to regulatory approvals and is expected to take place during the first half of 2023.
Deloitte advised Nexans in the transaction by providing financial and tax due diligence, tax structuring, SPA and other support services.
“It has been great to support Nexans in this project as Reka Cables is the leading Finnish cable manufacturer with over 60 years’ presence in the industry and with a commitment to energy efficiency and carbon neutrality. The co-operation with Nexans team and their other advisors has been very good which is crucial in securing a successful transaction”, says Kalle Tiiri, the project manager of Deloitte’s financial team.
Deloitte’s team was led by partners Marko Pöllänen (financial) and Pia Stubb (tax) and project managers Kalle Tiiri (financial) and Terttu Liukko (tax).
Deloitte warmly congratulates all parties involved.