wiredinUSA October 2013

INDEX

Latest ABB acquisition

New Czech cable factory

ABB has acquired Istanbul-based ELBI Elektrik, in a move to improve its position in the Turkish low-voltage products segment and to expand its existing business in Eastern Europe. ELBI Elektrik designs and manufactures electrical wiring accessory products for the Turkish market, and exports to Eastern Europe through its own local sales organization. By complementing its existing wiring accessories portfolio with ELBI Elektrik's products, ABB hopes to serve those markets outside Europe that it has been unable to access with its existing product range. The acquisition follows ABB's recent purchase of French software company Newron System SA. Like Newron, ELBI Elektrik will be integrated into the wiring accessories sector of ABB's low-voltage products division.

Czech cable manufacturer Lamela Electric hasplans tobuildanewcableplant inSušice, in the Czech Republic’s south-western Pilsen region. Zdeněk Houdek, chief executive of Lamela Electric, confirmed the plan to reporters and said that the Sušice project is expected to cost around $78m. Lamela Electric manufactures rubber and plastic-insulated cables and wires. The company’s product portfolio includes power, communication and data cables in addition to cables used in the automotive industry, photovoltaic systems and public transportation facilities. Established in 1970, and originally called Kabelovna Chyše, Lamela Electric changed its name in 2004. The company is headquartered in Chyše, Czech Republic.

EUROPE NEWS

wiredInUSA - October 2013

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