EoW September 2008

english corporate news

Latest acquisition by Nexans

Nexans has signed an agreement for the acquisition of the Italian company Intercond, a European manufacturer of special cables, mainly for industrial equipment including subsea activities. The acquisition of this company, which had total sales of €60 million (at current metal prices) in 2007 and currently employs 150 people, complements

Nexans’ existing business units based in Europe. The €90 million Enterprise Value agreed by both parties corresponds to five to six times the expected 2008 EBITDA (before synergies). This operation will be accretive in the first full fiscal year.

“This acquisition fits totally into Nexans strategy by increasing the portion of our business in high value-added special cables,” said Gérard Hauser, chairman and CEO of Nexans.

Nexans – France Fax : +33 15669 8484 Email : nexans.web@nexans.com Website : www.nexans.com

NIEHOFF - VNIIKP cooperation

Maschinenfabrik and All-Russian Scientific Research and Development Cable Institute VNIIKP with the associated Trade House of VNIIKP have concluded a cooperation agreement. From July 1 st 2008 the Trade House of VNIIKP will act as an adviser for Niehoff in the markets of Russia, Belarus, Armenia and Uzbekistan with the objective of further contact development and intensification between Niehoff and the companies in this economic area, particularly companies of the wire and cable industry. VNIIKP has earned international acceptance through its performance as scientific research and test centre for the development of cables and cable technologies and its responsible activities in the area of standardisation and certification. In practice the agreement will mainly be realised via close cooperation and information exchange between VNIIKP and Niehoff of Russia, founded in 2005 in Moscow. At present this branch consists of nine native speaking Russian employees, responsible for customer service, installation and commissioning of machinery, spare parts supply and after sales service. Niehoff

Maschinenfabrik Niehoff GmbH & Co KG – Germany

Fax : +49 9122 977 155 Email : info@niehoff.de Website : www.niehoff.de

Maschinenfabrik Niehoff GmbH & Co KG – Russia Fax : +7 495 230 5539

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EuroWire – September 2008