NKT A/S sold its railway cable business to Swedish Elcowire Group AB to concentrate on its core business. Heuking Kühn Lüer Wojtek comprehensively advised NKT on corporate law, employment law, and real estate law during the transaction. Dr. Michael Sörgel, Partner in Düsseldorf and Prof. Dr. Martin Reufels, Partner in Cologne, were lead counsels in the transaction.
Following the sale, NKT intends to focus on its core business of high-end power cables, accessories, and services in the future. The Sales, Development and Production business units and Hettstedt site in Saxony-Anhalt are part of the sale. The transaction is expected to be closed in Q1/2019 at the latest.
NKT A/S is a global front supplier for the energy sector. The company develops, manufactures, and sells high-quality cables, accessories, and solutions for electrical infrastructure, the construction sector, and the railway industry. NKT has operations in Germany, Denmark, Norway, Poland, Sweden, and the Czech Republic.
Sweden-based Elcowire Group AB supplies copper wires, wires, strands, profiles, and contact line systems made of aluminum, copper, and copper alloys. The group consists of AB Elektrokoppar (Sweden), Isodraht (Germany), and Liljedahl Wire (China).
Counsel to NKT A/S
Heuking Kühn Lüer Wojtek:
Dr. Michael Sörgel, LL.M. (Corporate/M&A), Düsseldorf
Prof. Dr. Martin Reufels (Employment), Cologne
Dr. Michael Alberts (Real Estate & Construction), Düsseldorf
Dr. Patrick Müller, LL.M. (Bristol) (Corporate/M&A), Düsseldorf
Mathis Dick, LL.M. (Real Estate & Construction), Düsseldorf
Kathrin T. Paulet (Real Estate & Construction), Düsseldorf
Dr. Sascha Schewiola (Employment), Cologne
Beatrice Stange, LL.M. (Antitrust, Distribution), Düsseldorf
Michael Vetter, LL.M. (Univ. of Miami) (Antitrust), Düsseldorf
Patrick Sahm, LL.M. (Austin) (Real Estate & Construction, Public Sector & Public Procurement), Frankfurt
Christian Liese (Corporate/M&A, Private Equity/Venture Capital), Düsseldorf