SolidAl is a power cables manufacturer based in Portugal. Credit: esbobeldijk / Shutterstock.

Danish cable manufacturer NKT has acquired SolidAl, a power cables manufacturer based in Portugal, for €192m ($205m).

The deal will enhance NKT’s medium and high-voltage production capabilities to meet the increasing demands from grid upgrades and renewable energy projects across Europe.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

NKT is investing an additional €50m to expand capacity at SolidAl’s existing facility 50km north of Porto.

The investment will bolster NKT’s production footprint in southern Europe, improving its geographical reach in key markets such as France, the UK, Ireland, Spain and Portugal.

In the fiscal year 2023, SolidAl reported revenues of €150m and EBITDA [earnings before interest, taxation, depreciation and amortisation] of €20m.

See Also:

NKT has identified potential synergies from the acquisition that are projected to enhance financial performance starting in 2025, with full realisation by the end of 2026.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The new production capacity will be operational by 2027, contributing to NKT’s medium-term financial goals, including a return on capital employed (RoCE) above 20%.

SolidAl is expected to positively impact NKT’s financial results from the date of closure.

NKT president and CEO Claes Westerlind stated: “SolidAl provides a strong strategic fit in terms of capacity and competence, strengthening NKT’s position in serving customers with end-to-end grid solutions, particularly the growing demand for medium and high-voltage power cables up to 225 kV.

“We look forward to welcoming SolidAl’s highly skilled employees to NKT and continuing our growth journey together.

“With more than 50 years in the industry, SolidAl will complement the competitiveness of the product mix from NKT’s existing factories in Asnaes, Velke Mezirici and Cologne focusing on delivering the full range of power cables for the grid at a larger scale.”