Synergy Cables

Industrial Power Cable Manufacturer

Industrial Technologies
Acquired by MIGVAN Group on May 2021
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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 manufacturing 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 operations in the United States, Germany, and the United Kingdom. Synergy Cables operates within the Industrial Technologies sector, focusing on manufacturing processes and systems, and targets the energy, utilities, and waste management markets, particularly in renewable energy systems like wind power and electricity utilities.

Strategic signal

In November 2023, Synergy Cables was highlighted in an article by ice.co.il, emphasizing its critical role as a cable factory in Sderot that supports the entire Israel Electric Corporation. This signals the company's continued operational importance and strategic relevance within the national infrastructure, even after its acquisition, demonstrating its enduring market position and reliability.

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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.
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