Nexans sells Berk-Tek to Leviton
Nexans has sold its Berk-Tek division, a leading cable manufacturer in the United States (factories in Pennsylvania and North Carolina) to Leviton; one of the best known manufacturers in the lighting and cable sector in the US.
Nexans received USD 202 m (EUR 177 m); last year Berk-Tek had sales of USD 163 m (EUR 143 m).
Both companies have been working closely together since 2013, so this merger is now the logical consequence.
A final OK by the competition watchdog is expected in the 3rd quarter of this year.