B3 Cable Solutions (B3), the fastest growing cable manufacturer in the world, today announced the completion of their purchase from Nexans of the telecommunications and railway signalling cable business in Santander, Spain.
The deal is the third acquisition by the B3 Group in 2 years and secures B3’s position as the third largest manufacturer of metallic telecommunication cable in the world and the largest outside the USA
market. In just 2 years, through acquisition and organic growth, B3 has built the telecommunication division of its business to become a significant presence on a global platform. B3 now has a turnover in excess of €250 million p.a. and employs 700 people across its operations in the UK, Spain and Asia.
Steve Ellis, Managing Director for B3 explains why this acquisition is good news for the European marketplace, “The acquisition of the business in Santander enables B3 to significantly expand its product offering and customer services to a wider audience across the European market. Santander’s leading edge research and development facilities are well respected. We will combine this with B3’s proven commitment to delivering world class customer services with the intention of raising levels of service in the supply of cable products to the European market.
B3 is established as a respected supplier within the telecommunication and low voltage energy industries servicing blue chip clients from its established operations and supply chain in the UK and Asia. The modern and well equipped operation in Santander will extend further B3’s capability to service a larger number of high profile companies in the telecommunications, broadband, energy and railways sectors across mainland Europe.