MILAN (Reuters) - Italy's Prysmian (MI:PRY) has entered into an agreement to buy Canadian components maker EHC Global in a transaction valued 130 million Canadian dollars ($97 million), the world's largest cablemaker said on Wednesday.
Prysmian said in a statement the acquisition was a complementary add-on to its Draka Elevator business and in line with its strategy "to grow and reinforce its value-added businesses".
The deal is expected to be finalised in the fourth quarter of this year, Prysmian said.