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Appointment of Antonio Cammisecra as censor and of Riku Soininen as director representing employees
Globenewswire· 2026-03-27 15:30
Proposed appointment to the Board of Directors at the Annual General Meeting on May 21st, 2026: Antonio Cammisecra candidate director – Appointed censor with immediate effect Appointment of Riku Soininen as director representing employees _PRESS RELEASE_ Paris, March 27th, 2026 – The Nexans Board of Directors has appointed Antonio Cammisecra as censor with a view to proposing his appointment as member of the Board of Directors to the shareholders’ general meeting to be held on May 21st, 2026. As censor, Ant ...
Press release
Globenewswire· 2026-03-23 10:05
Core Viewpoint - Brødrene A & O Johansen A/S is acquiring 100% of JMV Cables A/S to enhance its position in the electrification market and meet the growing demand for specialized cable solutions [1][4]. Company Overview - JMV Cables A/S is a Danish supplier specializing in cable solutions for construction, industry, and infrastructure, known for its strong project sales and a diverse inventory of standard and specialty cables [2]. - The company emphasizes quality, flexibility, and high delivery reliability, providing tailored solutions to meet specific customer needs [2]. Strategic Rationale - The acquisition aligns with the increasing demand for larger and specialized cables driven by Denmark's electrification, as noted by CEO Niels A. Johansen [3]. - The partnership aims to leverage JMV's expertise to create greater value for customers, particularly in complex projects requiring specialized knowledge and advisory services [3]. Financial Details - In the last financial year, JMV Cables A/S reported revenue of approximately DKK 125 million and an EBITDA of DKK 8.7 million [4]. - The acquisition price is set at DKK 55 million, with an additional earn-out component, pending approval from Danish competition authorities [4].
An Investor Just Bought $6 Million of This Stock That's Up 272% in a Year. Here's Whether It Still Has Room to Run
Yahoo Finance· 2026-03-10 21:45
On February 17, 2026, Soviero Asset Management disclosed a new position in Vistance Networks (NASDAQ:VISN), acquiring 320,000 shares worth $5.80 million. What happened According to a filing with the Securities and Exchange Commission dated February 17, 2026, Soviero Asset Management initiated a new position in Vistance Networks (NASDAQ:VISN), acquiring 320,000 shares. The quarter-end value of the position increased by $5.80 million, reflecting the new purchase. What else to know This was a new positio ...
Resignation of Mr. Oscar Hasbún Martínez from his position as Director of Nexans as of May 20th, 2026
Globenewswire· 2026-02-27 17:00
Core Points - Mr. Oscar Hasbún Martínez has resigned from his position as Director of Nexans, effective May 20, 2026, which also ends his role as chairman of the Strategy and Sustainable Development Committee [1][2] - The resignation is linked to the reduction of Invexans Limited's stake in Nexans' share capital [1] - Nexans is a global leader in sustainable electrification, focusing on systems that support the transition to a low-carbon future [3] - The company operates in 41 countries, employs 25,700 people, and generated €6.1 billion in standard sales in 2025 [3] - Nexans is committed to achieving Net-Zero emissions by 2050, in alignment with the Science Based Targets initiative (SBTi) [3]
Vistance Networks Stock Up 250%. Here's Why a $40 Million Position Signals a Post-Divestiture Bet
The Motley Fool· 2026-02-22 21:05
Core Insights - Newtyn Management acquired 1.6 million shares of Vistance Networks, increasing its position value to $40.23 million from $9.29 million in the previous quarter [2]. Company Overview - Vistance Networks specializes in connectivity and network solutions for telecom, data centers, and enterprise clients globally [1][6]. - As of February 17, 2026, the company's stock price was $19.10, with a market capitalization of $4.23 billion and a revenue of $4.21 billion [4]. Recent Developments - The company recently divested its Connectivity and Cable Solutions segment to Amphenol, rebranding itself as Vistance Networks and focusing on Access Networks and RUCKUS [7]. - This divestiture is expected to eliminate outstanding debt and preferred equity, with management indicating a potential dividend of at least $10 per share [7]. Financial Performance - In Q3 2025, Vistance Networks reported a 50.6% year-over-year increase in consolidated net sales to $1.63 billion, with GAAP income from continuing operations of $106.9 million [10]. - The adjusted EBITDA nearly doubled to $90.6 million, contributing to a stock surge of 250% over the past year [10]. Investment Perspective - Newtyn's investment in Vistance Networks reflects confidence in the company's transition to a more focused network infrastructure player with improving margins and a cleaner capital structure [11]. - The company is positioned for potential shareholder returns, particularly as it allocates excess cash following the divestiture [11].
Becoming the global pure player of electrification, Nexans announces a new Executive Committee organization
Globenewswire· 2026-01-15 07:30
Core Insights - Nexans announces a new organizational structure effective January 15, 2026, aimed at enhancing growth and competitiveness in the electrification market [1][7] - The new Executive Committee consists of 13 members focused on maximizing commercial strength, operational efficiency, and expansion through mergers and acquisitions [2] Executive Committee Composition - Julien Hueber serves as Chief Executive Officer [3] - Key Group Functions include: - Vincent Piquet, Chief Financial Officer - Nino Cusimano, Chief Legal Officer & Corporate Development Officer - Guillaume Eymery, Chief Strategy & Purchasing Officer - Séverine Grosjean, Chief Human Resources and ESG Officer [4] - Regional leadership includes: - Vijay Mahadevan, Executive Managing Director Europe - Luis Ernesto Silva, Managing Director South America - Atilla Kurtis, Managing Director Middle East and Africa - Tim King, Managing Director North America - Vincent Dessale, Managing Director APAC [5] - Business & Operations Functions include: - Pascal Radue, Senior Executive Vice President PWR-Transmission - Vincent Dessale, Chief Executive Markets & Commercial Officer - Elena Fedotova, Chief Business Development Officer Data center & Grid & Connect large projects - Vijay Mahadevan (acting), Chief Operations Officer [6] Company Overview - Nexans is positioned as a global leader in sustainable electrification, focusing on systems that support the transition to a low-carbon future [7][8] - The company operates in 41 countries with a workforce of 28,500 and generated €7.1 billion in standard sales in 2024 [9] - Nexans is committed to achieving Net-Zero emissions by 2050 and is recognized for its climate action initiatives [9]