Nexans inaugurates Stella Nova and unveils a world-first demonstration for the electrification of data hall infrastructures in data centers

• Nexans opens Stella Nova, a cutting-edge Center of Excellence driving the next generation of electrification technologies, from superconducting cable systems to cryogenic lines technologies and forming and welding solutions.
• World-first demonstration of superconducting LV AC and LV DC cables designed to meet the massive power demands of tomorrow’s hyperscale data centers, combining energy efficiency, compact design, and sustainability.
• Shaping the future of energy infrastructure, Nexans reinforces its strategic leadership in enabling a more powerful, connected, and sustainable digital economy.

At a time when digital infrastructures and sustainability challenges are reshaping the global energy landscape, Nexans is investing to meet tomorrow’s critical demands. Today, Nexans inaugurates Stella Nova, its new Center of Excellnce located in Hanover, Germany. On this occasion, the Group also unveils a world-first demonstration: a test bench showcasing the benefits of superconducting cables for powering data centers using low-voltage alternating current (LV AC) and direct current (LV DC).

A new industrial hub dedicated to innovation

Located on the Panattoni Campus in Hanover, Nexans Stella Nova brings together more than 70 experts in engineering, research, and manufacturing. The new site spans 9,000 m² and is dedicated to three strategic domains:

• High-precision forming and welding machines for the energy and industrial sectors,
• Cryogenic systems for safe transfer of cryogenic fluids such as hydrogen,
• Superconducting cable and Fault Current Limiter systems to transform electrical infrastructure.

Addressing the future power needs of data centers

As global electricity consumption by data centers could reach 10% of total energy demand by 2030, Nexans is innovating to meet the critical challenges of capacity, efficiency, and sustainability. Superconducting cable systems enable the transmission of up to 10 times more power compared to conventional cables, with zero energy loss, minimal heat generation, and significantly reduced infrastructure footprint. Great opportunities lie ahead with regards potential applications of superconducting technology. Nexans is already involved in multiple projects aiming at developing superconducting solutions beyond the data center industry.

For over 30 years, Nexans has been at the forefront of superconducting and cryogenic systems. This leadership will be further strengthened by the establishment of a new testing facility: this state-of-the-art high-voltage laboratory is designed for testing conventional and superconducting cables, superconducting current limiters and components, as well as providing a high current test field for superconducting tapes and components.

A strengthened commitment to the energy transition

The inauguration of Stella Nova also marks the celebration of 125 years of Nexans’ industrial history. As a pioneer in electrification since 1900, Nexans today plays a central role in enabling the transition to renewable energies, supporting the decarbonization of infrastructures, and building a more connected, resilient, and sustainable world.

• Cables RCT is a high-quality, Spanish low-voltage cable producer, with state-of-the-art footprint in Southern Europe and outstanding expertise
• This acquisition represents an additional milestone in Nexans’ strategy to reinforce its footprint in key geographies

Nexans, a leader in the global energy transition, has completed today the acquisition of 100% of the share capital of Cables RCT. Based in Spain, Cables RCT offers an extensive copper low-voltage portfolio with a recognized outstanding expertise in flexible fire safety solutions for buildings. The company operates across 30 countries with a strong presence in Iberia.  This strategic acquisition reinforces Nexans’ commitment to expanding its capabilities in key geographies, by accelerating growth in core market verticals.

Founded in 1965, Cables RCT generated 133 million euros of revenues in 2024, employs approximately 175 people and operates one state-of-the-art cable production unit in Zaragoza, as well as logistic facilities in Barcelona, Madrid, Sevilla and Valencia. Furthermore, Cables RCT expects to fully commission within the next few weeks a significant CAPEX program that has been fully funded before the transaction date ; it aims at increasing its production capacity by 25%+ with a focus on fire safety offers to meet growing demand for safer and more sustainable solutions.

This acquisition further enhances Nexans’ footprint in Southern Europe with highly complementary assets as well as state-of-the-art production capabilities and a strong focus in innovative fire safety products. The move will accelerate Nexans’ profitable growth by enhancing efficiency, expanding its portfolio, and driving innovation in the region. Cables RCT’s experienced management team will  continue to drive future growth and to support Nexans in delivering the substantial deal synergies .

Nexans expects meaningful shareholder value creation through an appealing synergies case fully leveraging Cables RCT’s recently upgraded industrial footprint while implementing Nexans’ proven proprietary programs, SHIFT.

Nexans Annual Shareholders’ Meeting, held today in Paris, approved all 27 resolutions agreed by the Board of Directors. The voting results are available on the Nexans website. The Shareholders’ Meeting was broadcast live in French and English, and a replay will be available shortly on this same website.

The shareholders adopted all the resolutions submitted, and thus approved:

• The distribution of a dividend of 2.60 euros per share, up 13% compare to the previous year, which will be detached on May 19th, 2025 and paid on May 21st, 2025;
• The resolutions related to the renewal of the terms of office of Marc Grynberg and Francisco Perez Mackenna as Directors; and
• The appointment of Gwénaël Gilbert as Director representing employee shareholders.

Following the Shareholder Meeting, the Board of Directors is comprised of thirteen members, of whom 60% are Independent Directors and 54% are women.

• Nexans, in partnership with Swissgrid, will install a high-voltage line in a road tunnel, a pioneering project in Europe.
• Works will begin in 2028 and be completed in 2030.

Nexans, in partnership with Swissgrid, Switzerland’s national grid operator, will install a high-voltage line in the Saint-Gotthard Road tunnel.

The Saint-Gotthard Road tunnel’s second tube will feature a first: by 2030, it will house an 18 km long high-voltage line, which will replace the existing overhead line across the pass. This new connection will play a critical role in electricity transmission along Switzerland’s north–south corridor.

The 220 kV high-voltage line is a pioneering project. It marks a first of major significance in Europe: using a road tunnel for cable installation. On behalf of the federal government, Swissgrid evaluates every grid project to determine whether synergies with other infrastructure—such as rail or road tunnels—can be leveraged. Combining infrastructures often contributes to landscape preservation and more efficient land use. Nexans will supply a total of 57 km of extra-high voltage cable for this operation, working with its bases in Charleroi (Belgium), which will manufacture the cable, and in Cortaillod (Switzerland), which will handle the project engineering and installation as well as supply accessories. The preparatory phase is set to unfold from 2025 to 2028, and works are due to start in 2028 and be completed in 2030.

Nexans relied on a longstanding partnership with Swissgrid, as well as the success of several previous projects. This experience has enabled the company to acquire in-depth knowledge of the Swiss market, along with a reputation for excellence in reliability and installation solutions. Valued at approximately €50 million, this project represents the largest contract ever signed by Nexans Switzerland, making it a historic milestone for the company.

Once the new line is operational, the overhead cables crossing the Gotthard Pass will be dismantled. However, four pylons near the summit will remain active but be reduced in size, to continue supporting a high-voltage connection for Swiss Federal Railways (SBB). The dismantling operation will contribute to reducing environmental and landscape impact in this sensitive natural area.

• Nexans presents its Innovation Summit 2025, set to take place in Toronto on October 9, 2025.
• With partners including Electro Federation Canada (EFC), the France Canada Chamber of Commerce (ON, MB), and Habitat for Humanity Canada, the event will convene global leaders in energy, sustainability, and technology to explore timely topics such as electrification, smart cities, and grid modernization

Nexans, a global leader in the design and manufacturing of cable systems and energy solutions, today announced that it will host its Innovation Summit 2025 on October 9, 2025, in Toronto, Canada. The event will bring together the brightest minds in the fields of energy, sustainability, and technology to discuss and address the challenges surrounding the electrification of the future.

The theme of the summit, “A New Era of Electrification,” will focus on the urgent call to expand grid capacity in an effort to meet growing demand while reducing carbon emissions and environmental impact. Keynote speakers and panel discussions will explore a wide range of timely topics, including:

• Smart Cities: How can we balance technological innovation with sustainability in urban environments?
• Grid Modernization: What strategies can we adopt to increase grid capacity while reducing emissions and waste?
• Sustainability and Technology: How can we harness the power of emerging technologies to achieve sustainable growth?

In partnership with Electro Federation Canada (EFC), the France Canada Chamber of Commerce (ON, MB) and Habitat for Humanity Canada, the event will also focus on Nexans’ sustainability goals commitment, providing insights on the company’s path forward and the role it plays in shaping North America’s electrification future.

The event will also be led and concluded with proactive initiatives that reflect Nexans’ commitment to innovation and community impact. Leading up to the summit, the Nexans Innovation Challenge will engage university students to develop bold solutions in grid modernization, renewable energy, and smart city technologies, with winners being selected at the event. Following the summit a community initiative in partnership with Habitat for Humanity Canada, will underscore Nexans’ dedication to giving back, highlighting the importance of aligning technological advancement with local engagement.

To learn more about the event, visit: Nexans Innovation Summit 2025 – Nexans

• Nexans has been awarded a significant contract by Interconnect Malta (ICM) to deliver high-voltage subsea cable for Malta’s second interconnector. The cables for this project will be produced at Nexans’ facility in Charleston, USA.
• The project will support grid stability and contribute to Malta’s energy strategy to meet its 2030 climate and energy targets.
• By reinforcing the country’s electricity network, the interconnector will play a key role in Malta’s long-term decarbonization efforts.
• This contract further strengthens Nexans’ position as a trusted partner in power transmission and critical energy infrastructure.

Nexans, a global leader in the design and manufacturing of cable systems and services, specializing in the offshore wind market and subsea interconnectors, has been awarded a significant contract by Interconnect Malta (ICM) to deliver the second Malta-Sicily interconnector. This new high-voltage alternating current (HVAC) link will reinforce Malta’s electricity system, ensuring a stable and resilient energy supply. The cables for this project will be produced at Nexans’ facility in Charleston, USA. It also reinforces Nexans’ longstanding commitment to supporting Malta’s energy independence and economic development.

The 225 MW interconnector will operate at 220 kV and consists of subsea cable linking Maghtab, Malta, and Ragusa, Sicily. It will be installed in parallel with the existing interconnector, previously delivered by Nexans in 2015.

As part of Malta’s national energy strategy, the project will increase security of supply, integrate more renewable energy sources, and support the country’s 2030 climate and energy targets. By strengthening Malta’s connection to the European grid, it will improve grid stability and foster economic growth through a more reliable power supply.

With this project, Nexans continues to reinforce its role as a key partner in power transmission, delivering high-quality, high-performance cable solutions and innovative technology for critical energy infrastructure worldwide.

• Low-voltage cables from Nexans will now have 10% recycled aluminum
• This is a new step in Nexans’ circularity strategy aimed at reducing its own and its customers’ carbon footprints and impacts
• It will manufacture the new cables at its plant in Jeumont and they will reach the entire French network in 2025

Electrification pioneer Nexans is expanding its low-carbon product range in 2025. The low-voltage cables from its plant in Jeumont (northern France) will have 10% recycled aluminum content and contribute to reducing Nexans’ and its customers’ carbon footprints. These new cables will be made exclusively with low-carbon aluminum produced using a decarbonized energy mix, and 10% of the aluminum in them will be recycled.

This is a new step in Nexans’ circularity strategy aimed at reducing its own and its customers’ environmental impacts. Raw material recycling is becoming a central concern as demand for electrification continues to increase, and this breakthrough will contribute to alleviating the risk of pressure on aluminum supplies for the electrical industry.

All the cables from Jeumont for all low-voltage markets—distribution network cables and industrial cables, notably for photovoltaic systems—will include this new feature.

Today’s recycled aluminum is exclusively derived from “1000 series” aluminum, i.e. the purest alloy and the only one that enables electrical cable recycling. Most of this aluminum comes from used cables or off-cuts from Nexans plants.

Nexans has embarked on a journey with its partners to shrink its environmental impact at various stages in the cable production process, which includes sourcing low-carbon aluminum and recycled aluminum to manufacture cables for France’s electricity distribution network.

In 2024, the Group also announced a new €15 million investment plan to modernize its plant in Bourg-en-Bresse (France) in order to produce eco-friendlier medium-voltage cables.

Nexans, moreover, is the only cable manufacturer to run its own second-life operation, CableLoop, a one-of-a-kind facility that recovers and recycles off-cuts. Nexans buys used cables—electrical wire left over from construction projects and obsolete industrial cables—and turns them into valuable resources that can be reused indefinitely, for its partners, customers, suppliers and the rest of the cable industry.

Alongside its partners, Nexans aims to increase the proportion of recycled aluminum in its products. As an active member of the Aluminium Forward 2030 coalition, the Group is working with other industrial players to fast-track the aluminum sector’s transition and build a more sustainable future for it. Our goal is clear: maximize resource efficiency and advance the circular economy. To do that, we use secondary materials—notably recycled aluminum, copper and plastic—where possible and invest constantly in research and development to increase recycled content in our products.

By pledging to achieve net-zero emissions by 2050, Nexans is playing a prominent role in the energy transition. This positive-impact approach also enables its customers to reach their CSR goals.

• Nexans has secured a major framework agreement with RTE for the design, manufacturing, and supply of HVDC cables, which will be used to connect the Centre Manche 1 & 2 and Oléron offshore wind farms to the French transmission network.
• The framework agreement covers the supply of 450 km of high-voltage subsea cables and 280 km of high-voltage onshore cables.
• This is another step in Nexans’ contribution to bringing France closer to its target of 45GW offshore wind capacity by 2050.
• The framework agreement is valued above €1 billion, depending on the final quantities to be agreed upon and the subcontractors to be appointed during the next phase leading to the signature of each EPCI contract.

Nexans, a global leader in the design and manufacturing of cable systems and services, has secured a major framework agreement with RTE (Réseau de Transport d’Electricité), France’s Transmission System Operator. The frame agreement includes the supply, installation, and commissioning of 450 km of high-voltage direct current (HVDC) subsea cables and 280 km of high-voltage direct current (HVDC) onshore cables to support the connection of three offshore wind farms, the Center Manche 1 & 2 and Oléron, to the French transmission network.

The value of the agreement is above €1 billion, depending on the final quantities to be agreed upon and the subcontractors to be appointed during the next phase leading to the signature of each EPCI contract. With this new framework agreement, Nexans continues to play a central role in Europe’s energy transition efforts, supplying high-voltage cables to meet growing demands. The agreement aligns with France’s updated offshore wind targets of achieving 45 GW of capacity by 2050.

As a key player in the global transition to a more connected and sustainable future, the frame agreement also underscores Nexans’ leadership in delivering advanced technology infrastructure for large-scale energy projects. This selection also highlights Nexans continued investment in grid infrastructure, further demonstrating its capacity to execute innovative projects in the field of renewable energy.

• Nexans announces having entered into exclusive negotiations with Latour Capital for the sale of Lynxeo for €525 million, subject to customary approvals
• With the proposed transaction, Nexans would achieve major step on its strategy to become a Pure Electrification Player

Nexans announces today having entered into exclusive negotiations for the sale of its industrial cable division Lynxeo to Latour Capital, a France-based private equity fund, for an Enterprise Value of €525 million. This proposed transaction would mark Nexans’ exit from the specialty industrial cables activity in line with its strategy to refocus as a Pure Electrification Player.

Lynxeo is a powerhouse in specialty industrial cables and plays a key role as a fully integrated player, serving a diversified range of infrastructures industries in transportation, energy and automation. With a heritage of more than 100 years serving industrial champions, Lynxeo boasts a global manufacturing presence in Europe, Asia, and the United States of America, with 2,000 employees and annual standard sales of over €700 million.

The relevant works council will be informed and consulted in connection with the proposed transaction. In addition, the proposed transaction remains subject to the fulfilment of customary regulatory approvals. On this basis, the closing of the proposed transaction could take place in the second half of 2025.

J.P. Morgan Securities Plc is acting as exclusive financial advisor to Nexans while Bredin Prat is acting as legal counsel on the transaction.

Nexans announces a new organizational structure, effective from 17^th January 2025 under the leadership of Christopher Guérin, Chief Executive Officer. This change is designed to accelerate profitable growth, and aligns with the Group’s ambitions outlined during the recent Capital Markets Day.

The new organization positions the Group for the next strategic cycle, and drives innovation in PWR-Grid and PWR-Connect markets. This region-based structure places strong focus on enhanced customer experience and addresses the evolving needs of clients.

The new Executive Committee encompasses 15 executive members. This leadership team aims to better adapt and reflect Nexans’ business, commercial, and industrial priorities.

Detailed composition of the Executive Committee:

CEO Office:
Christopher Guérin, Chief Executive Officer;
Jean-Christophe Juillard, Deputy Chief Executive Officer;
Vincent Dessale, Senior Executive Vice President, Strategic projects and Key accounts.

Business Segment:
PWR-Transmission, led by Pascal Radue, Senior Executive Vice President PWR-Transmission.

PWR-Grid and PWR-Connect Market Divisions (new):
PWR-Grid, led by Elyette Roux, Executive Vice President PWR-Grid & Accessories;
PWR-Connect, led by Christopher Guérin (interim).

PWR-Grid & Connect Regions (new):
Europe, led by Julien Hueber, Executive Managing Director PWR-Grid & Connect Europe;
South America, led by Luis Ernesto Silva, Managing Director PWR-Grid & Connect South America; (new appointment).
Middle East & Africa, led by Atilla Kurtis, Managing Director PWR-Grid & Connect Middle East and Africa; (new appointment).
North America, led by Tim King, Managing Director PWR-Grid & Connect North America; (new appointment).
Asia Pacific, led by Donny Yu, Managing Director PWR-Grid & Connect Asia Pacific. (new appointment).

Group Functions:
Chief Financial Officer, Jean-Christophe Juillard;
Chief Legal Officer and Secretary General, Nino Cusimano;
Chief Human Resources and ESG Officer, Séverine Grosjean;
Chief Operations Officer, Vijay Mahadevan (new appointment);
Chief Strategy, Innovation and Digital Officer, Guillaume Eymery (new appointment).