Swedish cable manufacturer Wibe Group gains control over Pushpak Fabricators
Wibe Group Expands into Asia's Energy and Infrastructure Markets
The steel cable manufacturing industry has seen a significant shake-up with the acquisition of the Wibe Group, a Sweden-based company, by Storksgen. This move allows Wibe Group to enter Asia's energy and infrastructure segments.
Based in Bengaluru, India, Pushpak Fabricators, the newly acquired company, specialises in manufacturing cable ladders, trays, mesh trays, and support systems. This acquisition marks a strategic move for Wibe Group, as they now have a strong foothold in Asia.
Wibe Group's product offerings primarily focus on cable management and support systems. They provide steel cable ladder systems, known for their strength, versatility, and quick installation, suitable for harsh and hazardous environments. Additionally, they offer GRP (Glass Reinforced Plastic) cable ladder and cable tray systems, designed to carry heavy cable loads even in corrosive and hazardous conditions, boasting superior load capacity and long service life.
Through partnerships, such as with Milton, Wibe provides comprehensive cable containment solutions and industrial cable support products used in electrical and mechanical installations requiring durability, reliability, and maintenance-free performance over the lifetime of projects, especially in corrosive environments.
The Wibe Group's product and service portfolio is centred on steel and GRP cable management systems tailored for demanding environments typical in energy and infrastructure sectors across Asia and beyond.
However, details about the financial aspects of the acquisition, as well as the specifics of the premium content that becomes accessible upon joining Wibe Group, remain undisclosed. It is clear, though, that this move signifies a significant expansion for Wibe Group, now owned by the European engineering conglomerate Storksgen, in the Asian market.
[1] Source: Wibe Group's official website and press releases.
The strategic acquisition of Pushpak Fabricators by Wibe Group, a well-established player in the steel cable manufacturing industry, opens new avenues for both, as Wibe Group expands into the energy and finance sectors of Asia. With the integration of Pushpak's product offerings, Wibe Group enhances its presence in the energy sector, offering comprehensive cable management solutions that cater to the demanding environments of energy and infrastructure markets.
