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NKT agrees to acquire Ventcroft

3/4/2022 – NKT has entered into an agreement to acquire U.K.-based Ventcroft Ltd. to bolster its position in the European power cable market by adding the company’s fire-resistant cable technology to the portfolio.

A press release said that the acquisition was an important step in the NKT strategy to grow the business with a strong product portfolio including fire-resistant power cables, telecom power cables and building wires. It noted that there is a growing focus on such products in the construction industry. “We are pleased to welcome Ventcroft to NKT and add their leading technology to our portfolio and expect them to benefit from our broad reach across the European market as part of our growth journey,” said NKT Executive Vice President and Head of Applications Will Hendrikx.

“We are looking forward to starting a new chapter with NKT and the acquisition brings some interesting possibilities to create future growth for Ventcroft,” said Ventcroft owner and Chairman Frank Rotheram. At the website of the family owned business, located south of Liverpool, Ventcroft notes that it is the U.K.’s largest independent manufacturer of fire and security products. The company, founded in 1989 and based in Runcorn, Cheshire, supplies cable and electronic products to a global client base in more than 50 countries.

Read 542 times Last modified on March 3, 2022