Panduit Corp. says it has purchased the submarine cable and pipe protection product portfolio, as well as related technologies, from South Korea’s DongWon EN-Tec Co., Ltd. (DWE) for an undisclosed sum. The new assets include a polyurethane submarine cable and pipe protector system called URAPROTECT, bend stiffeners and restrictors, and J-Tube seals for wind turbine applications.
The company asserts the new assets will enable it to offer Asia-Pacific customers a wider breadth of capabilities and complementary products for protection of power cables and fiber-optic submarine cable installations. Panduit expects the acquisition also will further diversify its customer base and enable it to expand further into the offshore alternative energy and global communications markets.
"I am pleased to complete this acquisition with our Asia Pacific team which expands our portfolio of high-quality products for offshore wind customers," commented John Buck, Panduit vice president for electrical infrastructure. "The acquisition of DWE's product line and technology will allow us to accelerate our renewables growth strategy and invest in new product innovations for our customers as they build larger offshore wind installations in the future."
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