Nexans Acquires BE CableCon In Strategic Move Into Wind Turbine Cable-Kitting Business

  • Denmark-based BE CableCon is an expert supplier of cable kits to Europe’s most important wind turbine companies.
  • The acquisition is part of Nexans’ strategy aimed at reinforcing the Group’s portfolio of activities and accelerating its growth in the renewable energy segment.

 

Nexans Acquires BE CableCon In Strategic Move Into Wind Turbine Cable-Kitting BusinessParis La Défense, January 11, 2018 – By 2040, renewable energy sources will account for almost three quarters of the $10.2 trillion global investment in new power generating technology[1]. To accelerate its growth in this highly promising segment, Nexans has acquired a controlling interest in BE CableCon, the Denmark-based manufacturer and supplier of cable kits for some of Europe’s leading wind turbine companies. The acquisition is an illustration of the recently-announced “Paced for Growth” strategy aimed at developing Nexans’ business beyond manufacturing cables to provide customers with complete, fully-integrated cable services.

BE CableCon, a world-renown expert in wind turbine cable-kitting

BE CableCon was founded in Viborg, Denmark in 2007. It has established a strong reputation in the design, engineering and manufacture of cable kits that enable wind turbine companies to simplify the installation of the vital power, control and communication cable systems within their towers and nacelles. The company’s kitting range covers low voltage (LV) and medium voltage (MV) applications including connectors, pre-connected and pre-assembled cable kits, and customized packing for complete ready-to-install kits.

Klaus Moller, CEO of BE CableCon, will head the new Nexans subsidiary company. He said, “Joining the Nexans Group with its expertise in cable production and global footprint will provide the ideal platform to take our business to the next level. We look forward to expanding beyond Northern Europe to work with global OEMs as well as addressing new markets in the North American and Asia-Pacific regions.”

Alain Robic, Nexans VP Industry Solutions and Projects, said: “We have developed an excellent working relationship with BE CableCon as a subcontractor for our own kitting projects. Bringing them into the Nexans Group is a key step in our strategy to take greater control of critical elements within the value chain so that we can offer customers a complete engineered connection system. In addition to wind turbines, we will now be able to develop new growth opportunities for cable-kitting solutions in other industry segments.”

 

[1]  Bloomberg New Energy Finance, New Energy Outlook 2017

Your Contact

Angéline Afanoukoe Press relations
Phone +33 1 78 15 04 67
Angeline.afanoukoe@nexans.com
Michel Gédéon Investor Relations
Phone +33 1 78 15 05 41
Michel.Gedeon@nexans.com
Ksenia Kanareva Press relations
Phone Tel: +33 (0) 1 78 15 04 74
ksenia.kanareva@nexans.com
Marième Diop Financial Communication
Phone +33 1 78 15 05 40
marieme.diop@nexans.com

About Nexans

As a global leader in advanced cabling and connectivity solutions, Nexans brings energy to life through an extensive range of best-in-class products and innovative services. For over 120 years, innovation has been the company’s hallmark, enabling Nexans to drive a safer, smarter and more efficient future together with its customers. Today, the Nexans Group is committed to facilitating energy transition and supporting the exponential growth of data by empowering its customers in four main business areas: Building & Territories (including utilities, smart grids, e­mobility), High Voltage & Projects (covering offshore wind farms, submarine interconnections, land high voltage), Telecom & Data (covering data transmission, telecom networks, hyperscale data centers, LAN), and Industry & Solutions (including renewables, transportation, Oil & Gas, automation, and others). Corporate Social Responsibility is a guiding principle of Nexans’ business activities and internal practices. In 2013 Nexans became the first cable provider to create a Foundation supporting sustainable initiatives bringing access to energy to disadvantaged communities worldwide. The Group’s commitment to developing ethical, sustainable and high-quality cables drives its active involvement within several leading industry associations, including Europacable, The National Electrical Manufacturers Association (NEMA), International Cablemakers Federation (ICF) or CIGRE to mention a few. Nexans employs more than 26,000 people with industrial footprint in 34 countries and commercial activities worldwide. In 2017, the Group generated 6.4 billion euros in sales. Nexans is listed on Euronext Paris, compartment A. For more information, please consult: www.nexans.com