News - HEW-KABEL (EN)

HEW-KABEL (EN)
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Press Release

HEW-KABEL Holding GmbH signs a definitive agreement to acquire Habia Cable.

Drives the internationalization of the joint business
Establishes a strong specialty cable manufacturing group in complementary markets

Wipperfürth, Germany – July 5, 2022 – HEW-KABEL GmbH, a key manufacturer and of specialty cables, today announced the signing of a definitive agreement to acquire Habia Cable. The transaction is expected to close during the third quarter of 2022, following the completion of customary regulatory approvals and the finalization of various administrative matters.

Habia Cable, part of the Swedish Beijer Alma group and is a reputed brand for tailor-made cable solutions for critical connectivity needs. The company was founded in 1941 by Carl Herbert Jacobsson, is headquartered in Upplands Väsby, Sweden and has in total 4 production sites in Sweden, Germany, Poland and China. Habia Cable has a long history of providing customized and critical connectivity solutions for a broad range of applications and supplies into eight attractive end-markets: Industrial, Defence, Nuclear, Marine, Communication, Automotive, Offshore and Aerospace.

Both Habia Cable and HEW-KABEL are specialists in developing tailor-made cable solutions for complex, demanding applications and harsh environments. Thanks to the complementary nature of our current business and market areas, we see great potential in benefits for our customers, partners and colleagues through this alliance. Together we will create a stronger group, with a broad offer to the global markets we operate in.

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