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Sterlite Technologies signs definitive agreements to acquire Optotec S.p.A

03 Nov 2020 Evaluate

Sterlite Technologies (STL) has signed definitive agreements to acquire Optotec S.p.A, a leading Optical Interconnect Products Company based in Italy. The transaction is structured to acquire 100% of Optotec’s shareholding on closing at an enterprise value (EV) of 29 Million euros.

The deal will be financed by a mix of internal accruals and foreign currency debt instruments. The Closing of the transaction is subjected to customary regulatory approvals. The acquisition will create a solid springboard to offer a complete bouquet of solutions to customers across Europe, India and the Middle East.

Sterlite Technologies is an industry-leading integrator of digital networks.

Peers
Company Name CMP
Polycab India 8216.40
KEI Industries 4579.05
RR Kabel Ltd. 2603.55
Finolex Cables 1395.70
Precision Wire India 443.05
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