Synergy Cables

Company Overview

Snapshot

Founded in July 1934, Synergy Cables is an industrial technology company with 11–50 employees. The company was acquired by MIGVAN Group in May 2021.

Business overview

Synergy Cables manufactures a comprehensive range of industrial power cables, including low, medium, and high voltage power cables up to 161 kV, as well as control, airfield lighting, EMC, and specialized industrial cables. The company utilizes a continuous manufacturing process encompassing wire pulling, stranding, insulated coating (XLPE, EPR, or PVC), screening, and sheeting. Synergy Cables serves global markets, with subsidiaries in the United States, Germany, and the United Kingdom, providing tailor-made solutions designed to international standards such as UL, IEC, BS, VDE, AS, and IS.

Strategic signal

In November 2023, Synergy Cables highlighted its critical role in supplying cables for the Israel Electric Corporation, underscoring its strategic importance within the national infrastructure and reaffirming its market presence. This signal indicates the company's continued operational significance and its foundational contribution to essential services, even after its acquisition.

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 strategic development for Synergy Cables in 2015?

In February 2015, Synergy Cables was acquired by Fortissimo Capital. This followed a delisting from the TASE in January 2015.

What is Synergy Cables' primary product offering?

Synergy Cables offers a complete spectrum of products for power and control applications, including low, medium, and high voltage power cables up to 161 kV, as well as control, airfield lighting, EMC, and industrial cables.

What international markets does Synergy Cables serve?

Synergy Cables sells its products worldwide and maintains subsidiaries in the United States, Germany, and the United Kingdom.

What was a significant event for Synergy Cables in January 1997?

In January 1997, Synergy Cables underwent a reverse merger with Zion Cables, with its shares trading on the TASE under the ticker 'syn'.