Nexans signs an agreement to acquire Electro Cables Inc. strenghtening Nexans’ positioning in PWR-Connect in Canada Electro Cables is a Canadian player in low-voltage cable systems, delivering high-performance and service-focused solutionsStrong strategic complement to Nexans’ Canadian portfolio, offering attractive growth perspectives and a robust profitability profile Paris, October 23, 2025 — Nexans, a leader in the global energy transition, announces the signature of an agreement to acquire 100% of the ...

, /PRNewswire/ --Â Nexans, a global leader in the design and manufacturing of cable systems and energy solutions, today announced the successful conclusion of its 2025 Innovation Summit in Toronto. The event brought together global leaders from energy, policy, finance, and technology to address one of the defining challenges of our time: how to expand and modernize transmission infrastructure to meet surging electricity demand in the era of AI, electrified transport, and digital growth. The Summit, themed " ...

Core Viewpoint - The European Investment Bank (EIB) has provided €250 million in financing to Nexans to support its research, development, and industrial investments from 2024 to 2029, aligning with EU sustainability and innovation goals [2][4][6]. Group 1: Financing Details - The financing consists of two contracts: a €190 million loan guaranteed under the InvestEU programme and a €60 million loan [2][6]. - The funding will enhance Nexans' research and development programs, cable production, and copper recycling capacities, promoting the circular economy [6][7]. Group 2: Strategic Importance - Nexans plays a crucial role in the energy transition, with its power cables essential for electrification and achieving EU decarbonisation targets [3][4]. - The financing supports the REPowerEU programme, which aims to strengthen the EU's energy autonomy [6]. Group 3: Future Projects - Nexans plans to construct a new factory in Lens by 2026, increasing copper wire production by over 50% and recycling up to 80,000 tonnes of copper annually [7]. - Additional investments will strengthen sites in Charleroi, Erembodegem, and Calais to support offshore wind and submarine interconnections [7]. - Capacity expansion at the Bourg-en-Bresse site will address growing electrification demand in France and Western Europe [7]. Group 4: Company Overview - Nexans is a global leader in sustainable electrification, providing advanced cable solutions and services for a low-carbon future [5][9]. - The company operates in 41 countries, employs 28,500 people, and generated €7.1 billion in standard sales in 2024 [9].

Core Insights - Nexans clarifies that all cables manufactured for the Great Sea Interconnector project have been fully paid for, eliminating financial exposure in case of project adjustments [1] - The demand for Nexans' high-voltage direct current (HVDC) cable solutions is strong across various global projects, allowing for the potential redeployment of manufacturing capacity to other initiatives [2] Company Overview - Nexans is a global leader in sustainable electrification, focusing on systems that support the transition to a connected, resilient, and low-carbon future [3] - The company has over 140 years of history and operates through three core businesses: PWR Transmission, PWR Grid, and PWR Connect, emphasizing innovation and industry expertise [4] - Nexans operates in 41 countries with a workforce of 28,500 and reported €7.1 billion in standard sales for 2024, with a commitment to achieving Net-Zero emissions by 2050 [5]