Nexans – Recent Rumors regarding Great Sea Interconnector project Paris, December 9th , 2025 Today’s Rumors Regarding Great Sea Interconnector Project In response to recent Cypriot local media reporting regarding the Great Sea Interconnector project, Nexans reiterates that it continues to execute the project in accordance with its contractual obligations, and in line with the milestones defined with the customer. Such milestones, in projects of similar nature and magnitude, may be adjusted from time to tim ...

Nexans appoints Vincent Piquet as Chief Financial Officer _PRESS RELEASE_ Paris La Défense, November 24, 2025 – Nexans is pleased to announce the appointment of Vincent Piquet as Chief Financial Officer, effective January 19, 2026. He will join the Nexans Executive Committee and will be based in Paris. Vincent brings comprehensive experience across the full scope of the Finance function, spanning operational performance optimization, functional and strategic transformation, as well as substantial exposure t ...

Core Viewpoint - Nexans has signed an agreement to acquire 100% of Electro Cables Inc., enhancing its position in the Canadian market and strengthening its portfolio in low-voltage cable solutions [1][3]. Company Overview - Electro Cables, founded in 1985 and based in Trenton, Ontario, specializes in low-voltage cables and is recognized for its expertise in high added value solutions [2]. - The company has approximately €125 million in sales for the last twelve months ending July 2025 and employs around 200 people, demonstrating strong growth and profitability [2]. Strategic Implications - The acquisition will allow Nexans to optimize local supply chain efficiency and create valuable synergies through its expanded presence in Canada [3]. - Nexans plans to leverage its proprietary SHIFT program to enhance innovation and operational efficiency post-acquisition [3]. Leadership Insights - Nexans' CEO, Julien Hueber, emphasized that the acquisition aligns with Nexans' strategy to become a leader in Electrification through high added value solutions, reinforcing the company's ambition [4]. - Electro Cables' CEO, Gord Davis, expressed confidence that the core values of service excellence and product quality will thrive under Nexans, enhancing customer relationships [4]. Transaction Details - The transaction is expected to close in the first half of 2026, pending Canadian regulatory approvals and other customary conditions [4].

Core Insights - The 2025 Innovation Summit by Nexans highlighted the critical role of transmission infrastructure in the global electrification strategy, emphasizing that it is no longer a mere technical consideration but a strategic necessity [2][3]. Group 1: Event Overview - The Summit, themed "A New Era of Electrification," gathered leaders from various sectors to discuss modernizing transmission infrastructure to meet increasing electricity demand driven by AI and digital growth [2][4]. - Key discussions focused on how permitting reform, supply chain readiness, and digital innovation can transform the grid into a platform for long-term growth and resilience [4][7]. Group 2: Strategic Insights - Vincent Dessale from Nexans stated that electrification is advancing faster than current systems can accommodate, making the modernization of grids a strategic priority for shaping the future energy economy [3][7]. - The event underscored that transmission is now a determinant of investment returns, energy equity, and resilience, highlighting its importance in the energy landscape [7]. Group 3: Technological Advancements - Digitalization and grid-enhancing technologies, such as dynamic line rating and digital twins, are redefining transmission capacity management and optimization [7]. - The need for immediate action in cable manufacturing, workforce development, and permitting acceleration was identified as crucial for policymakers and investors [7]. Group 4: Collaborative Efforts - The Summit emphasized the importance of partnerships among utilities, regulators, manufacturers, and enterprise energy users to align infrastructure development with the growing demand for electricity [7].

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]