Synergy Cables

Company Overview

Snapshot

Founded in July 1934, Synergy Cables operates with 11–50 employees. The company was acquired by MIGVAN Group in May 2021, marking a significant corporate milestone.

Business overview

Synergy Cables specializes in the manufacturing of industrial power cables, offering a comprehensive range of products for power and control applications. This includes low, medium, and high voltage power cables up to 161 kV, as well as control, airfield lighting, EMC, and industrial cables. The company serves various industries globally, providing tailor-made solutions and logistical expertise, with a focus on the Industrial Technologies sector.

Strategic signal

In November 2023, Synergy Cables was highlighted in news for its critical role in supplying cables to the Israel Electric Corporation, reinforcing its strategic importance within the national infrastructure. This indicates the company's continued operational relevance and market presence even after its acquisition, signaling ongoing demand for its specialized products.

Company Intelligence Q&A

When was Synergy Cables acquired by MIGVAN Group?

Synergy Cables was acquired by MIGVAN Group in May 2021.

What was a key operational highlight for Synergy Cables in late 2023?

In November 2023, Synergy Cables was noted for its role as a critical cable supplier for the Israel Electric Corporation, underscoring its ongoing operational significance.

When was Synergy Cables acquired by Fortissimo Capital?

Synergy Cables was acquired by Fortissimo Capital in February 2015.

When did Synergy Cables delist from the TASE?

Synergy Cables delisted from the Tel Aviv Stock Exchange (TASE) in January 2015.

What was a significant corporate event for Synergy Cables in January 1997?

In January 1997, Synergy Cables underwent a reverse merger with Zion Cables, an event that significantly restructured the company's ownership and operational framework.