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Sterlite Tech to acquire Italian optical cable maker Metallurgica Bresciana

Monday 9 July 2018 | 08:37 CET | News
India's Sterlite Tech has announced an agreement to acquire a 100 percent stake in Italian optical cable manufacturer Metallurgica Bresciana (Metallurgica) for EUR 47 million in cash. Metallurgica designs and manufactures special precision optical fibre cables and specialised copper cables for various communication applications. The acquisition is aimed at significantly expanding Sterlite Tech's market presence in Europe, bringing new tier-1 customers and enhancing its ability to better serve the European market, said the company in a statement.

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Categories: Fixed
Companies: Sterlite Technologies
Countries: Italy
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