Prysmian Group acquires Canadian major EHC Global
MILAN, January 9, 2021
Prysmian Group, a world leader in the energy and telecom cable systems industry, has announces that it has completed the acquisition of EHC Global, leading manufacturer of strategic components and integrated solutions for the vertical transportation industry.
Established in 1977, EHC Global is a leading manufacturer and supplier of escalator handrails, rollers, elevator belts, strategic components and integrated solutions for the vertical transportation industry.
EHC Global also provides a comprehensive range of technical services for escalators and moving walkways, including installations.
Prysmian Group said the acquisition of EHC Global is in line with its strategy to grow and reinforce its value-added businesses.
EHC Global is a complementary add-on to the Group’s Draka Elevator business, broadening its product portfolio with a wide range of escalator products and services.
With almost 140 years of experience, sales of over €11 billion, about 29,000 employees in over 50 countries and 106 plants, the Prysmian Group is strongly positioned in high-tech markets and offers the widest possible range of products, services, technologies and know-how.
It operates in the businesses of underground and submarine cables and systems for power transmission and distribution, of special cables for applications in many different industries and of medium and low voltage cables for the construction and infrastructure sectors.
For the telecommunications industry, the Group manufactures cables and accessories for voice, video and data transmission, offering a comprehensive range of optical fibres, optical and copper cables and connectivity systems. Prysmian is a public company, listed on the Italian Stock Exchange in the FTSE MIB index.-TradeArabia News Service
