Draka Holding N.V. announces that it has signed an agreement to sell its OPGW activities based in Monchengladbach (Germany) to AFL Telecommunications (USA).
Draka's OPGW (Optical Power Ground Wire) activities focus on the development, production and sale of complete OPGW systems in the EMEA region whereby the conductor serves as a normal ground wire, protecting the phase conductors against strokes of lightning and carrying earth fault currents. The conductor also provides a high-capacity optical path for power utility telecommunication needs. Production takes place in Monchengladbach (Germany) with around 130 employees. OPGW forms part of Draka's Communications Group.

Draka will continue to support AFL Telecommunications with its fiber technology through a long term single mode fiber supply agreement.

The closing of the transaction is subject to standard procedures. The sale of the OPGW activities fits within Draka's strategy to focus on core growth markets and the proceeds will be used to lower its debt position further.