Cable Solutions, which began operations in 2007, is a BOI-registered company and operates out of a two-acre facility in Kadawatha.
The company manufactures superior performance cables customized to specific applications, catering to high-growth industries such as automotive, renewable energy, telecommunications, aerospace and others within the electronics supply chain.
The company generates over 95% of its revenue from exports, with key clients in the US, European, Indian and Australian markets.
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In 2019, Tempest arranged a consortium of investors to successfully acquire 75% of Cable Solutions, a company specializing in creating bespoke cables, wires and harnesses under the ‘kablr’ product range for the international electronics market.
Invested In
2019
Stake Acquired
75%
Sri Lanka’s largest cable manufacturer, ACL Cables PLC, took a lead role in the consortium by acquiring a strategic 51% stake.
The balance was taken up by four financial investors: the Hirdaramani Group, Associated Electrical Corporation, Perera & Sons and Insite Holdings, while Tempest also acquired a direct stake in the company.
Despite the pandemic and subsequent slowdown in the West, the company continued to generate revenue growth.
Tempest, working with the management and ACL, introduced significant efficiency improvements, along with a strong balance sheet and cash flows.
To this end, we focused on improving the company’s financial management and planning. The company was listed on the Colombo Stock Exchange in 2024 generating a return of almost 6x the original investment.