nkt cables has closed the divestment of the Automotive cable business with Wilms Group

Apr 28, 2017

In Autumn 2016, nkt cables entered into an agreement to divest its Automotive cable activities to a subsidiary of the German-based Wilms Group. The necessary regulatory approvals of the transaction have now been recieved and it can be closed, with Wilms Group taking ownership as of 30 April 2017.