KMT acquires NKT's recycling business in Stenlille in Denmark and the parties enter into an agreement on continued recycling of cables

18. 1. 2021

NKT and Kabel Metall & Trafo Gjenvinning AS (KMT) has a joint ambition to further develop the sustainable recycling of metals and plastics in discarded power cables. Therefore, KMT takes over NKT's cable recycling business in Stenlille, Denmark. The transaction was completed on 15 January 2021 as an asset sale by KMT's Danish subsidiary KMT Kabel Danmark A/S (KMT Denmark) taking over all fixed assets, employees and customers at NKT's plant in Stenlille.