NKT A/S

NKT A/S Overview

Company Headquarters: Copenhagen, Denmark

Founded: 1891

Workforce: ~5,000

Company Working: NKT A/S (formerly NKT Holding A/S) is an industrial holding company, which is engaged in providing power cables and wires as well as optical components, lasers, and crystal fibers. It is considered as a pioneer in the cable manufacturing industrial segment and is proactively working on meeting the world’s growing need for energy. The company also offers cleaning equipment and photonic products. NKT A/S operates through two main businesses, namely, NKT and NKT Photonics. NKT is segmented into high-voltage solutions, applications, and service & accessories. The applications segment offers downhole cables with a broad range of low and medium voltages.

NKT Photonics A/S, NKT Flexibles, NKT Cables Group A/S, CCC GmbH Berlin, NKT cables AB, Nilfisk-advances, s.r.o., Nkt Cables Warszowice Sp Z O O, and Fianium Holdings Ltd are some of its subsidiaries. NKT A/S operates in 9 countries, including the US, the UK, the UAE, and Australia.

Strategy

NKT A/S strategizes to expand its geographic presence and improve operational efficiency by winning new contracts. For instance, in August 2019, the company announced that it would provide 420 kV high-voltage turnkey offshore cable systems to strengthen the grid in Stockholm, Sweden. It heavily invests in research and development to find innovative solutions, which can further increase the recovery rate of oil wells.

Company Snapshot

$1,363.2M

Revenue

5,000

Employees

1891

Founded

Copenhagen, Denmark

Headquarters

SWOT Analysis

Strengths

Strong global market position
Extensive network of channel partners and customers
Vast experience of handling large cable installation projects

Weaknesses

Limited ability to gain a sustainable competitive advantage

Opportunities

Scope for mergers, partnerships, and acquisitions
Attracting new customers from online channels

Threats

Increasing competition due to the rapid development of advanced power cable products
Increasing competition due to the rapid development of advanced downhole cable products

Key Developments

Date	Approach	Development
–	New Product Development	NKT A/S designed 525 kV HVDC cross-linked polyethylene (XLPE) underground power cable for the coming high-voltage DC corridor projects in Germany.
–	Contracts and Agreements	NKT A/S won a high-voltage power cable contract from National Grid plc for the supply of a cable system for the 1,400-MW Viking Link interconnector between Denmark and the UK. This has helped the company increase its presence in Denmark and the UK.
–	Merger and Acquisition	NKT A/S acquired ABB HV Cables, a high-voltage cable manufacturing company, from the ABB Group, along with its high-voltage plant in Karlskrona, the cable-laying vessel NKT Victoria and the offices in Karlskrona, Alingsas and part of the offices in Malmo, Rotterdam, and Mannheim.
July 2019	Contract and Agreement	NKT won a high-voltage power cable contract from Lundin Norway AS for a 132-kV high-voltage power cable connecting the Edvard Grieg oil and gas production platform to the Johan Sverdrup field center
February 2017	Merger and Acquisition	NKT acquired ABB HV Cables, a high-voltage cable manufacturing company, from the ABB Group, including its high-voltage plant in Karlskrona and the cable-laying vessel NKT Victoria along with offices in Karlskrona, Alingsas and part of the offices in Malmo, Rotterdam, and Mannheim
–	Contracts & Agreements	NKT A/S won a high-voltage power cable contract from National Grid plc for a supply of a cable system for the 1,400-MW Viking Link interconnector between Denmark and the UK. This has helped the company increase its presence in Denmark and the UK.
–	Mergers & Acquisitions	NKT A/S acquired ABB HV Cables, a high-voltage cable manufacturing company, from the ABB Group, including its high-voltage plant in Karlskrona and the cable-laying vessel NKT Victoria along with its offices in Karlskrona, Alingsas and a part of the offices in Malmo, Rotterdam, and Mannheim.

Product Offering

NKT A/S
- Submarine Power Cables
- High Voltage Cable Solutions

Financial Performance

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