Bekaert acquires Bexco

Belgian wire solution specialist Bekaert has acquired 100% shares of Hamme-headquartered Bexco for €40 million ($43m). Bexco is active in the lifting and mooring market for offshore energy and marine applications, Kallanish notes.

The merger responds to the company’s strategy to strengthen its presence in the sector as it is expected to create a global offshore rope solutions provider generating significant synergies as well as profit.

“The move towards deeper waters requires rope solutions to permanently moor turbines to the seabed. Bekaert already has significant experience in this field via its Bridon-Bekaert Ropes Group business unit and now further strengthens its offering through the acquisition of Bexco,” Bekaert notes.

Bexco posted revenue of €40m last year.

Natalia Capra France