Nexans and Leviton Network Solutions have reached an agreement in which the latter will acquire Berk-Tek from the former. The transaction is worth $202m.
Berk-Tek is a US based manufacturer of local area network copper and fibre cables with 350 employees across its facilities in Pennsylvania and North Carolina. These are expected to move under Leviton ownership before the end of Q3, subject to customary closing conditions.
This transaction reinforces the existing relationship between Berk-Tek and Leviton, which signed a marketing alliance in 2013. The combination of both brands is designed to enable Leviton to offer fully integrated solutions.
Christopher Guérin, CEO at Nexans said: ‘Our Berk-Tek colleagues will join a long-term partner with the best strategic fit to answer customers’ demand around connectivity. Together with Leviton, the Berk-Tek team will focus on developing innovative local area network solutions that are critically important in managing the demand of today’s emerging technologies.’
Daryoush Larizadeh, president at Leviton added: ‘Berk-Tek is a highly respected North American cabling company with exceptional manufacturing and product development capabilities. By adding Berk-Tek to the Leviton family, we will be able to provide truly end-to-end solutions to our customers.’
