Panduit Corp. announced Jan. 11 that it’s acquired the subsea cable and pipe protection product portfolio and related technologies from marine manufacturer DongWon EN-Tec Co., Ltd. (DWE) in Ulsan, South Korea. The product portfolio includes UraProtect, a polyurethane submarine cable and pipe protector solution, bend stiffeners and restrictors, and J-Tube seals for wind-turbine applications. Terms of the transaction were not disclosed.
This acquisition allows Panduit to offer its Asia-Pacific customers a wider breadth of capabilities and a growing portfolio of complementary products used for protecting power cable and fiber optic subsea cable installations against hazardous conditions. The acquisition will also help the company further diversify its customer base and expand into markets at the forefront of megatrends in the offshore alternative energy and global communications bandwidth space.
“I’m pleased to complete this acquisition with our Asia/Pacific team, which expands our portfolio for offshore wind customers,” says John Buck, Panduit VP for electrical infrastructure at Panduit. “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.”
