28 July 2017 2017 01:45 PM GMT

TELE-FONIKA Kable Acquires JDR, Strengths Position In Offshore, Subsea Sectors

JDR Cable Systems (Holdings) Ltd., a leading supplier of subsea umbilicals and power cables to the offshore energy industry, has announced that it is to be acquired by TELE-FONIKA Kable. The transaction is subject to regulatory approval. TFKable is a leading global producer of wires and cables. Both companies have a long history of collaboration, with TFKable being JDR’s important business partner providing water blocked power cores for its cable and umbilical systems. JDR’s highly technical subsea systems, used in the global offshore oil, gas and renewable industries, allow its customers to power and control their offshore operations, and will enhance the range of cable solutions TFKable can provide to its customers.

Monika Cupiał-Zgryzek, Chief Executive Officer of TFKable, commented: “TFKable is a strategic investor with a long-term vision for JDR, sufficient resources to support its continued growth, and vast knowledge of the market. We highly appreciate JDR’s experienced people, recognised brand name, technological competence and a successful track record with regards to numerous innovative products.

TFKable is planning to maintain JDR’s operations in current locations, providing new opportunities for the local employees and business partners, and offering our customers innovative solutions.” David Currie, JDR’s Chief Executive Officer, commented: “This acquisition creates a strong platform for JDR to enhance its position in offshore energy cables and umbilicals. It demonstrates the value JDR’s leadership has created through targeted investment in subsea technology, services and manufacturing facilities, and the talent and expertise of our staff. This news marks the next exciting chapter of our business.”

Jonathan Guest, Principal at Vision Capital, JDR’s selling majority owner, commented: “Our investment in manufacturing facilities has transformed JDR, tripling revenues and growing the business to become a leading supplier to the oil, gas and renewables industries. We are delighted to have secured a long-term strategic owner for the business in the next stage of its development.”

The transaction, which is subject to receipt of required regulatory approval and consents and other customary closing conditions, is expected to close in Q3 2017. Simmons & Company International is acting as financial advisor and Macfarlanes LLP is serving as legal counsel to Vision Capital. Mills & Reeve is acting as legal counsel to the JDR management team. JP Morgan and Société Générale are acting as financial advisors and CMS is serving as legal counsel to TFKable.

JDR’s claims that its world-leading solutions bring power and control to energy systems in the global offshore oil, gas and renewable industries. For more than 20 years, it has built success on its technical expertise and reliability. Every market entered, every customer served, and every project delivered, benefits from a dedication to technical quality, service and support. In designing, manufacturing, delivering, installing and supporting subsea power cables and umbilical systems, JDR’s engineers and manufacturers are focused on providing products and services of the highest quality. The company seeks to deliver consistently reliable solutions through specialist engineering and experienced project management teams. It’s 24/7 service and support throughout the product lifecycle, meet even the most complex and demanding project requirements.

TFKable is a leading global producer of wires and cables, with major production facilities in Europe and sales offices globally. With their HQ in Poland, TFKable employs over 3,000 people and consists of 5 trading companies, with 6 production plants around Europe and a Cable Waste Recycling Department in Poland. TFKable offers 25,000 types of wires and cables, which are sold in 80 countries. With a consistent growth strategy based on client portfolio diversification, TFKable has cemented its position as a world leader in the cable business with significant further development potential.

Image: Courtesy of TELE-FONIKA Kable S.A.

October 16th 2017
Uganda Inaugurates Breakthrough Tororo PV Plant. A Future Model For Africa?

Production has commenced at the Tororo PV power plant; which, with 16 GWh of renewable energy generated annually, will cater for the energy requirements of 35,838 people and help reduce CO2 emissions by 7,200 tons. Overall, $19.6 million was invested to build the 10 MWp plant, with the engagement of several major organisations including KfW and FMO Development Banks, the World Bank and the EU. Attilio Pacifici, EU Ambassador said, “One of the key objectives of this plan is to encourage private sector participation in higher risk investments and we’re happy to demonstrate that Uganda is well positioned to be successful and a good model for replication.”

October 10th 2017
EDF Completes Blythe Installation Of Potent New Turbines, Powering 34,000 Homes

The Blyth Offshore Demonstrator project will produce enough low-carbon electricity to power approximately 34,000 UK households, using 8.0MW wind turbines with a power mode uprating them to 8.3MW. It will save around 57,600 tonnes of CO2 emissions each year and is the first offshore wind project to connect using 66kv rated cables. It’s also the first time that a “float and submerge” gravity-based foundation (GBF) has been used for offshore wind turbines. Each GBF is made up of more than 1,800m3 of concrete and weighs over 15,000 tonnes when fully installed on the seabed, and the structures have a total height of around 60 metres from the base to the access platform.

October 16th 2017
Nordex Adds To Successes In Argentina, Winning 100 MW Pomona Wind Farm Order

The Nordex Group has added a further chapter to its success story in Argentina with an order for 26 N131/3900 turbines for the “Pomona” wind farm. The contract will be executed on a full EPC basis, including civil and electrical engineering, procurement, construction and manufacturing, delivery and installation of the wind turbines. Preparations for construction will be commencing in 2017, after which the wind power systems will be installed at the beginning of 2019. In addition, a ten-year full operation and maintenance contract has also been signed. 


 

   

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