Carlisle Companies Incorporated (NYSE:CSL) has announced it has submitted an irrevocable and binding offer and entered into exclusive discussions to acquire 100% of the shares of Draka Fileca SAS from Prysmian SpA, the company said.
The purchase of Draka Fileca is consistent with Carlisle´s Vision 2025 strategy to build scale with synergistic acquisitions to drive to USD 15 of earnings per share. Draka Fileca would become part of the Carlisle Interconnect Technologies (CIT) operating segment.
Based in Sainte-Genevieve, France, Draka Fileca is a provider of highly engineered interconnect solutions for harsh environments, providing high-end cable solutions to important European Aerospace, Space and Defense customers.
Closing of the transaction is expected to occur no later than during the first quarter of 2020.
Carlisle is a diversified, global portfolio of niche brands and businesses that manufactures highly engineered products and solutions for our customers. Carlisle is committed to generating superior shareholder returns by combining a unique management style of decentralization, entrepreneurial spirit, active M&A, and a balanced approach to capital deployment, all with a culture of continuous improvement as embodied in the Carlisle Operating System. Learn more about Carlisle at www.carlisle.com.
