Search results for: nkt

1126 results

A list of search results

  • 15 November 2017
    Business & Finance, Contracts & Tenders

    The high-voltage activities acquired from ABB have driven an increase in NKT’s Q3 2017 revenue, which was at EUR 303.2 million, EUR 106.9 million more than in Q3 2016. Looking at the first nine months, NKT posted a revenue of EUR 776.5 million, compared with EUR 559.7 million reported for the same period in 2016.

  • 31 October 2017
    Business & Finance, Contracts & Tenders, Grid Connection

    NKT’s part of the contract for Borssele Beta, won in a consortium with VBMS, is valued at approximately EUR 90 million. As reported earlier, the contract value for VBMS is approximately EUR 70 million.

  • 20 September 2019
    Contracts & Tenders, Wind Farm Update

    NKT has entered a Preferred Supplier Agreement (PSA) as the main contractor for delivery and installation of high-voltage DC on- and offshore export cable systems to the Doggerbank Creyke Beck A and B offshore wind farms. With a combined capacity of 2,400MW, the wind farms are being developed as a joint venture of Equinor (50%) […]

  • 19 March 2019
    Business & Finance, Jobs & Recruitment

    NKT’s Board of Directors has appointed ABB’s Alexander Kara as the new Chief Executive Officer (CEO) and President. The new executive will join the Danish company on 1 August, when he will take the place of Roland M. Andersen, who is interim CEO. At ABB, Kara is currently holding the position of Senior Vice President, HUB Business […]

  • 13 November 2017
    Business & Finance, Contracts & Tenders, Grid Connection, Vessels, Wind Farm Update

    NKT has signed a Preferred Bidder Agreement (PBA) with Moray East Offshore Windfarm Ltd for delivery and installation of export cable systems for the prospective 950MW Moray East wind farm off Scotland.

  • 11 April 2017
    Grid Connection, Operations & Maintenance, Technology, Vessels

    NKT Cables has taken delivery of the newbuilding cable-laying vessel which was part of the recently completed acquisition of ABB HV Cables.

  • 4 February 2014
    Grid Connection

    NKT Cables has signed a deal to supply export cable for Gemini offshore wind farm. The production will start this month, as a result of the Preparatory Works Agreement between Typhoon Offshore B.V., offshore wind farm developer, and NKT Cables. Under the agreement, NKT Cables will produce around 200 kilometres of 220 kV high voltage […]

  • 30 May 2017
    Vessels

    NKT ‘s new cable laying vessel – NKT Victoria – has won the Ship of the Year 2017 prize at the NorShipping exhibition in Lillestrøm, Norway.

  • 4 May 2017
    Vessels

    NKT has held a naming ceremony for NKT Victoria, the company’s new cable-laying vessel which was part of the recently completed acquisition of ABB’s high voltage cable business, at its power cable plant in Karlskrona, Sweden.

  • 15 November 2011
    Business & Finance

    NKT’s revenue development for 3rd quarter 2011 was in line with expectations. Earnings increased by 15%, positively influenced by satisfactory results for both Nilfisk-Advance and NKT Flexibles. For nkt cables, the factory in Cologne showed improved productivity but continued to impact earnings negatively. The net interest bearing debt decreased by 169 mDKK, corresponding to 5.0x […]

  • 25 August 2017
    Grid Connection, Vessels

    UK engineers MAATS Tech delivered cable-laying equipment to NKT’s newbuild NKT Victoria prior to the vessel’s first project – the Caithness – Moray subsea link in Scotland. 

  • 16 December 2014
    Business & Finance, Grid Connection, Wind Farm Update

    NKT Cables has been awarded the order for delivery of export cable systems to the Race Bank Offshore Wind farm by DONG Energy. The order is NKT Cables’ 11th large offshore wind farm project since 2010 where the company first started production of submarine cables. For NKT Cables, the order will have a contract value […]

  • 5 March 2012
    Business & Finance

    NKT’s revenue increased by 1,153 mDKK to 15,604 mDKK – the highest level in the history of NKT. Nilfisk-Advance and Photonics Group realised organic growth in revenue of 8% and 16% respectively, surpassing even the 2010 growth rates,  while NKT Cables exceeded last year’s organic growth in revenue by only 1%. The operational EBITDA for […]

  • 5 April 2016
    Business & Finance, Grid Connection, Wind Farm Update

    NKT Cables has been awarded a contract by DONG Energy to deliver 170 kilometres of 220 kV high-voltage alternating current (AC) submarine export cable system for the 1.2GW Hornsea Project One offshore wind farm.  The wind farm will be placed 120 kilometres off the Yorkshire coast in the UK, and the cable system supplied by […]

  • 1 October 2018
    Grid Connection, Wind Farm Update

    NKT has delivered the 220kV AC high-voltage cable system for the Rentel offshore wind farm in Belgium.

  • 23 August 2019
    Grid Connection

    NKT, Energinet, and National Grid have signed the final contract documents for the supply of onshore power cables for the 1,400MW Viking Link interconnector. Under the contract valued at around EUR 90 million, NKT will deliver approximately 150 kilometres of 525kV MI high-voltage DC onshore power cables for the project connecting the Danish and British power […]

  • 21 September 2016
    Business & Finance, Grid Connection, R&D, Technology, Vessels

    NKT Cables is acquiring ABB’s global high-voltage cable system business with a total enterprise value of EUR 836 million. ABB’s cable system business offers turnkey solutions including design, engineering, supply, installation, commissioning and service. It had adjusted standalone revenues of USD 524 million (EUR 470m) in 2015, employs around 900 people, and has manufacturing and R&D […]

  • 5 June 2019
    Grid Connection

    NKT has commissioned the 170kV high-voltage cable system at the Kriegers Flak Combined Grid Solution (CGS) connecting Denmark and Germany. According to NKT, the work on the CGS cable connecting the Kriegers Flak and Baltic 2 offshore wind farms was completed on schedule and on budget. The high-voltage cable system connects the Danish region of […]

  • 21 September 2016
    Business & Finance, Grid Connection, Technology

    NKT has decided to split the Holding company into two separately listed companies, with the timing of this decision being linked to NKT Cables’ acquisition of ABB’s high-voltage cables business. NKT is the active and long-term owner of three industrial businesses including Nilfisk, NKT Cables, and NKT Photonics. With the acquisition of ABB’s high voltage […]

  • 4 September 2018
    Grid Connection, Wind Farm Update

    NKT has commissioned the high-voltage cable system on the 659MW Walney Extension offshore wind farm in the Irish Sea.

  • 23 August 2011
    Business & Finance

      nkt cables has announced half-year 2011 results . EBITDA expectations in NKT Holding for 2011 is downgraded to approx. 1.0-1.1 bnDKK from earlier approx. 1.2 bnDKK due to the fact that 2nd quarter earnings in nkt cables were not satisfactory. The adjustment primarily relates to the newly build submarine and high voltage cable factory […]

  • 18 December 2017
    Grid Connection, Technology

    Turnkey solution approach is one of the ways the power cable industry can help the offshore wind industry achieve further cost reductions, Leo van der Pols, Business and Sales Development, NKT, said.

  • 22 October 2019
    Grid Connection, Operations & Maintenance

    German-Dutch power grid operator TenneT has awarded NKT with a three-year service agreement contract covering the cable jointing part of a larger offshore service agreement. The contract covers the cable jointing work for seven power cable systems and includes a tailored preparedness plan designed by NKT to ensure minimum downtime in case of damages to […]

  • 26 November 2018
    Contracts & Tenders, Grid Connection

    Boskalis and NKT have secured export cable contracts by 50Hertz for the Ostwind 2 offshore grid connection in Germany.

  • 23 June 2020
    Business & Finance, Environment

    NKT’s cable manufacturing factories are now running on electricity from renewable energy sources, the company informed, adding that its CO2-emissions from energy consumption are now 66 per cent lower than last year. The 66 per cent reduction in CO2-emissions from energy consumption came through using green electricity in the factories, as well as for the […]

  • 4 July 2018
    Business & Finance, Contracts & Tenders, Grid Connection, Wind Farm Update

    Ørsted has awarded NKT with a contract worth over EUR 145 million, under which NKT will supply more than 190 kilometres of 220kV high-voltage AC XLPE offshore export cable system for the Hornsea Project Two offshore wind farm in the UK.