General Cable Corp. (NYSE: BGC), Highland Heights, KY, manufacturer of copper, aluminum and fiber optic wire and cable products, has acquired Beru SAS, a wholly-owned subsidiary of BorgWarner France SAS, La Ferte Mace, France. The business will operate as General Cable Automotive Europe (GCAE) going forward. GCAE is a manufacturer of ignition wire harnesses sold into the European automotive OEM market as well as the aftermarket.
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Roger Roundhouse, Senior Vice President and General Manager, Specialty Wire Harnesses said: “The GCAE acquisition is an important step in the globalization of our ignition wire harness business and supports the strategy to participate in the increasingly homogenous global market for these products. Our wire harness business now has operations in the United States, Mexico and France. From these locations, the company is participating in a significant portion of the global automotive market for ignition wire harnesses."
General Cable expects the acquired business to have more than $20 million in revenues in its first year.