Log in
Show password
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 
  1. Homepage
  2. Equities
  3. Italy
  4. Borsa Italiana
  5. Intek Group S.p.A.
  6. News
  7. Summary
    IKG   IT0004552359


SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Intek S p A : KME Mansfeld sells the Wires business to Elcowire Group AB

11/18/2021 | 12:43pm EST

Registered Office: 20121 Milan (MI) Foro Buonaparte, 44

Share Capital: Euro 335.069.198,90, fully paid-inMilan Company Register - Tax I.D. Nr. 00931330583 www itkgroup.it


KME Mansfeld sells the Wires business to Elcowire Group AB

Milan, November 18th, 2021 - Intek Group S.p.A. ("Intek"), investment company listed at the Milan Stock Exchange, announces that its subsidiary KME Mansfeld GmbH (the "Seller") - an operating company of KME Group, leader in the manufacturing of copper and copper alloys semifinished products - signed today a binding agreement (the "SPA") with Elcowire Group AB (the "Purchaser") for the sale of its Wires business.

Based on the SPA, the Seller will contribute the Wires business in a Newco before selling 100% of its shares

  • together with the relevant real estate ‐ to Purchaser, for an overall amount of € 20 million plus the value of the existing metal stock in the company at closing (the "Price"). The transaction is only subject to the antitrust authority clearance.

The Wires business recorded in 2020 a turnover of around € 200 million employing around 180 people in Hettstedt. The Wires business entered in KME Group as part of the acquisition of MKM Mansfelder Kupfer und Messing GmbH, completed in 2019 by KME, to acquire one of the major manufactorers in the rolled business in Europe.

The transaction is another important step forward in the execution of the announced Group strategy. KME's target is to focus on and strength further the rolled products business, selling all the non core activities and targeting new add‐ons, as per the announced acquisition of Zutphen from Aurubis.

Elcowire is one of the largest manufacturers in Europe of copper wire rod, wires, stranded conductors, profiles and overhead catenary systems made from copper, copper alloys and aluminium. The Group manufactures also aluminium conductors, rectangular wire and profiles for electrical purposes. The production plants are located in Helsingborg‐Sweden and in Hettstedt‐Germany nearby KME Mansfeld GmbH.

* * *

The press release is available on the Company's website, www.itkgroup.it. Additional information may be directly requested from the Company (telephone number +39.02.806291; e.mail: info@itk.it) and through the "eMarket STORAGE" system operated by Spafid Connect SpA at the address: www.emarketstorage.com.


Intek Group S.p.A. published this content on 18 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 November 2021 17:42:01 UTC.

ę Publicnow 2021
All news about INTEK GROUP S.P.A.
2021Intek Group S.p.A.'s Equity Buyback announced on May 14, 2021, has expired.
2021KME Signs Final Deal to Transfer Special Business to Private Equity Firm for $225 Milli..
2021INTEK S P A : KME finalized the agreement with Paragon for the transfer of control of Spec..
2021INTEK S P A : KME Mansfeld sells the Wires business to Elcowire Group AB
2021INTEK S P A : The Interim Financial Report on Operations at June 30, 2021 of INTEK Group S..
2021Intek Group S.P.A. Reports Earnings Results for the Half Year Ended June 30, 2021
2021INTEK S P A : KME has approved the half year consolidated financial report
2021INTEK S P A : Integration of Press Release dated 9th August 2021
2021KME GROUP : completion of the share capital increase of KME Italy SpA in favour of S.A. Er..
2021INTEK S P A : Agreement with Paragon on the transfer of control of KME Specials Business
More news
Sales 2020 14,8 M 16,8 M 16,8 M
Net income 2020 4,52 M 5,13 M 5,13 M
Net Debt 2020 66,9 M 75,9 M 75,9 M
P/E ratio 2020 168x
Yield 2020 -
Capitalization 207 M 235 M 235 M
EV / Sales 2019 18,5x
EV / Sales 2020 15,3x
Nbr of Employees -
Free-Float 43,8%
Duration : Period :
Intek Group S.p.A. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends INTEK GROUP S.P.A.
Short TermMid-TermLong Term
Income Statement Evolution
Managers and Directors
Vincenzo Ugo Manes Chairman & Chief Executive Officer
Giuseppe Mazza Administrative Director
Luca Ricciardi Independent Non-Executive Director
Francesca Marchetti Independent Director
Diva Moriani Executive Vice Chairman
Sector and Competitors