Nexans announces today the completion of the acquisition of Electro Cables Inc. (“Electro Cables”), a well-positioned Canadian manufacturer of low-voltage cable systems, in a strategic move that expands the company’s footprint in one of North America’s, most dynamic segments. The acquisition marks a significant milestone in Nexans’ strategy to accelerate growth in North America and supports the region’s fast-expanding infrastructure, data center, and energy sectors.
Following today’s completion, a team of roughly 200 highly skilled associates will join the Nexans Group. Electro Cables generated approximately 125 million euros in revenue over the twelve months ending July 2025.
This acquisition fully aligns with Nexans’ strategy to focus on electrification, strengthens Nexans’ portfolio in Canada and reinforces its presence in a fast-growing market. The deal is fully financed in cash and is expected to be EPS accretive from year one.
Electro Cables is an exceptional strategic fit for Nexans. Their expertise in low-voltage cables, transit and infrastructure projects, and decades-long customer relationships make them an ideal partner as we expand our presence in Canada. Together, we are building a platform that will power the next chapter of sustainable electrification across North America.
CEO, Nexans