Wavin Acquires Norwegian Cable Duct Systems Supplier

Wavin N.V., leading supplier of plastic pipe systems and solutions in Europe, has acquired Polyfemos, a Norwegian supplier of cable duct systems for Telecom access networks. Polyfemos is based in Alta, has 20 employees and reported 2006 revenues of EUR 5 million. The acquisition is expected to be completed in Q1 2007. Parties have agreed not to disclose the financial details of the transaction. With the acquisition, Wavin further strengthens its position in Scandinavia in this fast growing market segment. The acquisition will offer additional value in terms of product range and project engineering capabilities.

Plastic cable duct systems are used to guide and protect fibre optic cables in the ground as well as inside buildings. These systems create flexible and cost efficient solutions for installation and future enhancement of modern access networks. Wavin already has a dedicated plant in France for micro duct related systems and is a leading player in the European market of cable duct systems for so called ‘Last Mile Telecom’.