Offshore cable demand is strengthening driven by offshore oil and gas exploration, renewable energy, as well as traditional power requirements to inter-coastal and island areas. NSW has manufactured and installed submarine projects throughout the world, including one of the world's longest hybrid submarine communications cable systems extending 8,600 km linking 15 countries.
NSW has been in operation since 1899 and is situated in an ideal location with a deep-sea pier capable of loading cable laying ships directly from their production facility on the North Sea in northern Germany. NSW is a leading global supplier of offshore communications, power and control cables as well as aerial cables for power utility communication and control networks. Kenny, President and Chief Executive Officer of General Cable. "With more than 100 years of experience, NSW has tremendous technical expertise offering complete solutions for submarine cable systems including the manufacturing, engineering, seabed mapping, project management, and installation for the offshore communications, energy exploration, transmission, distribution, and alternative energy markets," said Gregory B. NSW had revenues of approximately $120 million in 2006. The transaction is expected to close Monday, April 30, 2007. KG (NSW), located in Nordenham, Germany from Corning Incorporated (NYSE:GLW). HIGHLAND HEIGHTS, Ky.-(BUSINESS WIRE)-April 27, 2007-General Cable Corporation (NYSE:BGC) announced today that it has agreed to acquire Norddeutsche Seekabelwerke GmbH & Co.
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