NKT A/S (CPSE:NKT) agreed to acquire SolidAl - Condutores Eléctricos, S.A from Njord Partners LLP for total enterprise value of approximately ?190 million on June 21, 2024. As part of the acquisition, NKT will invest an additional ?50 million to expand the medium- and high-voltage capacity at the existing site. For the period ending December 31, 2023, SolidAl reported total revenue of ?150 million and EBITDA of ?20 million. The acquisition was funded within the existing capital structure. The transaction is unconditional, and closing is effective as of today.

Lazard, Inc. acted as financial advisor to Njord Partners. Barou Advisers acted as financial advisor to Njord Partners. Macfarlanes LLP acted as legal advisor to Njord Partners. Uría Menéndez Abogados, S.L.P. acted as legal advisor to Njord Partners.

NKT A/S (CPSE:NKT) completed the acquisition of SolidAl - Condutores Eléctricos, S.A from Njord Partners LLP on June 21, 2024.