General Cable Corp., Highland Heights, Ky., said it agreed in principle to buy the wire and cable manufacturing business of Safran SA for about 75 million euros.
The business to be acquired, known under the brand names Silec and Sagem, reported 2004 sales of about 210 million euros. Silec is based in Montereau, France, and employs 1,000 associates.
Silec designs, engineers and installs high voltage underground links. The company is also among the top three producers of energy
All access premium subscription
Only Electrical Marketing newsletter subscribers have access to premium content.
Being a subscriber to the Electrical Marketing newsletter allows you exclusive access to high value content including key economic indicators measuring the health of the market and access to the Electrical Price Index and other important industry insights.
Sign up for the Electrical Marketing newsletter to get access.