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HEW-KABEL acquisition of Habia Cable complete: companies to merge

 

As the acquisition of Habia Cable by HEW-KABEL Holding GmbH is completed, the two cable companies announce their intention to merge to form a leading specialist cable and connectivity group serving the global market.

 

WIPPERFÜRTH, Germany / UPPLANDS VÄSBY, Sweden, 17 October 2022

 

On 14 October, the acquisition of Habia Cable by HEW-KABEL Holding GmbH was completed, beginning a merger process which will be undertaken in phases over the coming months.

 

HEW-KABEL and Habia Cable will be brought together as one, combining the technical and commercial strengths of both to create a leading specialist cable and connectivity group serving the global market.

 

While our companies both specialise in developing tailor-made cable solutions for complex, demanding applications and harsh environments, our complementary markets, capabilities and expertise will offer broad potential for future growth.

 

“We are confident that this merger of our two companies – and the shared sum of our knowledge and resources – will result in a stronger, more international company with broader technology, unlocking new opportunities for our customers,” stated Peter Van Loo, CEO of HEW-KABEL.

 

“This is truly a joining of equals, where HEW-KABEL and Habia will combine to form something more than the sum of our parts – a single company with a strong international presence that’s better equipped to serve our customers across the globe,” adds Habia Group CEO Carl Modigh. “We look forward to having this extra strength behind us as we continue to discover better connections for a smarter future – together.”

 

The necessary work will now be undertaken to align and merge the two companies. We will communicate directly with all customers, partners and suppliers before any changes come into effect. In the meantime, both companies will continue to operate business as usual.

 

Es werden nun die notwendigen Arbeiten durchgeführt, um die beiden Unternehmen anzugleichen und zusammenzuführen. Wir werden direkt mit allen Kunden, Partnern und Lieferanten kommunizieren, bevor die Änderungen in Kraft treten. In der Zwischenzeit werden beide Unternehmen ihren Geschäftsbetrieb wie gewohnt weiterführen.

 

For further information, please contact:

Peter Van Loo, CEO HEW-KABEL, T: +49 172 376 83 15
Carl Modigh, CEO Habia Cable, T: +46 709 851 856

 

About HABIA

Habia Cable is a custom design and production partner for specialised cable and connectivity needs all over the world. Founded in Sweden in 1941, Habia is today one of the most trusted names for tailor-made cable solutions in the defence, marine, industrial, communication and power generation sectors.

 

17 October 2022

 

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