Nexans Completes Acquisition of Electro Cables to Strengthen Presence in North America

Financial and Operational Details

According to the press release, Electro Cables generated approximately 125 million euros in revenue over the twelve months ending in July 2025. The acquisition adds a team of about 200 skilled employees to the French group. The Canadian company has an established position in the North American low-voltage cable systems market and is involved in transportation and infrastructure projects. The group states that this acquisition aligns fully with its strategy focused on electrification and strengthens its presence in Canada.

Funding and Strategic Benefits

The acquisition will be fully funded by Nexans' available cash reserves, the group specifies. According to the company, the acquisition is expected to be accretive to earnings per share from the first year. This transaction enhances Nexans' business portfolio in the PWR-CONNECT division, which includes the group's low-voltage solutions. Julien Hueber, CEO of Nexans, noted that Electro Cables' expertise in low-voltage cables and its long-term customer relationships are valuable assets for expanding the group's presence in Canada.

Strategic Implications for Growth

The group views this acquisition as a major step in its acceleration strategy in North America. Nexans specifically targets the infrastructure, data centers, and energy sectors, which are rapidly developing in the region, according to the company. The French cable manufacturer, present in 41 countries with 28,500 employees, reported a standard revenue of 7.1 billion euros in 2024. The group focuses on three main activities: PWR Transmission, PWR Grid, and PWR Connect, and is committed to achieving net-zero emissions by 2050 as part of the Science Based Targets initiative.