Southwire acquires cable rejuvenation solutions provider
March 31, 2022 | By Anthony Capkun
March 31, 2022 – Southwire announced it has acquired Novinium Holdings Inc. (Kent, Wash.), a cable rejuvenation solutions provider serving electric utilities.
“Novinium’s cable rejuvenation system—which extends the life of underground cables—is an amazing value proposition for our existing and prospective customers whom we aim to serve,” said Thomas Courtney, Southwire, adding the acquisition “will be a foundational element for the further development of field services within the newly formed Southwire Service & Solutions business.”
According to Southwire, Novinium is the only full-service underground expert that partners with utility companies “to keep their distribution system operating at peak performance” through its CableCure service.
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