Nexans Completes Acquisition of Electro Cables Inc. to Strengthen Low-Voltage Solutions (PWR-CONNECT) in North America

Core Insights - Nexans has completed the acquisition of Electro Cables Inc., a Canadian manufacturer of low-voltage cable systems, to enhance its presence in North America's growing market [1][2] - The acquisition is expected to be EPS accretive from the first year and is fully financed in cash [2] - Electro Cables generated approximately €125 million in revenue over the twelve months ending July 2025, aligning with Nexans' strategy to focus on electrification [2] Company Strategy - The acquisition supports Nexans' strategy to accelerate growth in North America, particularly in infrastructure, data center, and energy sectors [1][2] - Nexans aims to build a platform for sustainable electrification across North America through this strategic fit with Electro Cables [3] Company Overview - Nexans operates in 41 countries with a workforce of 28,500 and generated €7.1 billion in standard sales in 2024 [5] - The company is committed to achieving Net-Zero emissions by 2050 and expanding energy access through its initiatives [5]