HIGHLAND HEIGHTS, Ky. -- General Cable Corporation (BGC 25.72, +0.18, +0.71%) , a global supplier of ignition wire harness technology, reported that it has acquired Beru SAS, a wholly-owned subsidiary of BorgWarner France SAS, located in La Ferte Mace, France. Beru's 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 at General Cable commented, "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.
He continued, "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. In its first year of operations we expect this business to report in excess of $20 million in revenues. This acquisition is important in satisfying multi-national customers who see value in having global partners support their business in the ignition wire harness category."
SOURCE: General Cable Corporation
