Nexans completes acquisition of La Triveneta Cavi, expanding European reach
Acquisition
06 June 2024
3 min
La Triveneta Cavi
  • Nexans has taken a significant leap forward in its electrification strategy by completing the acquisition of the iconic Italian company La Triveneta Cavi, with recognized excellence in the European medium- and low-voltage cable segments.
  • La Triveneta Cavi boasts 700 skilled employees across 4 production units and generates over 800 million euros in sales.
  • Nexans, with its proven track record of integrating new players, is poised to accelerate La Triveneta Cavi’s growth in key sectors such as building wire, fire-resistant cables, and renewable energy solutions.

Nexans, a leader in the global energy transition, today announces the completion of its acquisition of La Triveneta Cavi, one of the European leader in medium- and low-voltage cables. The acquisition is a significant leap forward in Nexans’ strategy to become an electrification pure player. La Triveneta Cavi brings a rich heritage of innovation, cutting edge manufacturing and logistics and a seasoned management team to further accelerate Nexans’ value creation in electrification.

Based in Italy since 1965, La Triveneta Cavi primarily manufactures low-voltage cables for building, infrastructure, fire-retardant cable systems and renewable energy applications across 30 countries. The company operates a best-in-class, vertically integrated network with three cable production units featuring highly efficient logistic capabilities, in addition to a world class “in-house” copper drawing facility. The company boasts a workforce of approximately 700 skilled employees and has generated current revenues of more than 800 million euros over the last twelve months.

The enterprise value of around 520 million euros represents a multiple of 5.6x 2023 EBITDA pre-synergies and 4.6x post run rate synergies. It will be high-single-digit accretive to earnings per share (EPS) from year one. Nexans’ financing of the acquisition will have limited impact on run rate leverage to remain ≤1.0x.

The acquisition of La Triveneta Cavi is fully in line with our vision of Nexans as a global electrification pure player. This move significantly strengthens our presence in the electrification segment, where we have successfully completed two acquisitions over the past two years and it will further enable the acceleration of new sustainable offer launches in high-demand sectors. Last but not least, I cannot be more delighted to welcome the talented people of La Trivineta Cavi to the Nexans family.

Christopher Guérin
Christopher Guérin

CEO, Nexans

Signature between Nexans and La Triveneta Cavi
Signature between Nexans and La Triveneta Cavi
Signature between Nexans and La Triveneta Cavi

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Nexans completes Reka Cables acquisition to electrify Nordics
Acquisition
26 April 2023
4 min
Reka Keuruu production plant
  • Nexans announces the successful completion of its acquisition of Reka Cables, apremium company active in the manufacturing of high, medium and low voltages cables,for building applications, power distribution networks and onshore wind projects.
  • With a turnover of 172 million euros in 2022, this acquisition is fully aligned with theGroup’s strategic ambition to become a pure electrification player committed tocontribute to carbon neutrality by 2030.
  • Nexans and Reka Cables will bring together their ideas and expertise across the Nordicregion. The combined business will continue to be at the forefront of sustainability andinnovation, in order to deliver high quality and safe cables to Nordic customers.

Nexans announces today the successful completion of its acquisition of Reka Cables, a premium high, medium and low voltage cables manufacturer in Finland, from Reka Industrial (listed at NASDAQ Helsinki Ltd.) following receipt of regulatory clearance.

This acquisition marks an additional milestone of Nexans’ ambition to become a pure electrification player focusing on the overall value chain.

Reka Cables, headquartered in Hyvinkää, Finland, has been providing high-quality cables to customers in the energy, infrastructure, and building sectors for over 60 years. The company operates three manufacturing plants in Finland which will be complementing Nexans’ existing operations in Sweden and Norway. In 2022, Reka Cables reported current sales of 172 million euros and an EBITDA of 11 million euros. The company, combined with Nexans’ global reach and innovation capabilities, will create significant value for customers in Nordics and beyond. Nexans and Reka Cables share a culture that emphasizes sustainability, and premium customer experience.

Christopher Guérin

We look forward to welcoming the Reka Cables’ team within Nexans. They have a strong commitment to the energy transition and will contribute to our transformation of becoming a pure-player in electrification. Their expertise in premium and safe cables also lays the groundwork for further expansion in the region.

Christopher Guérin

CEO, Nexans

The business transaction creates new opportunities for Reka Cables teams and will provide them with new opportunities to grow and develop in the future as part of Nexans.

Markku E. Rentto

Chairman of the Board, Reka Industrial

As part of the acquisition, Reka Cables will be integrated into Nexans’ Distribution & Usage business group. This operation also opens great perspective for both for Reka Cables and Nexans teams, with even more synergies and development opportunities ahead of them.

Nexans completes Centelsa acquisition to electrify Latin America
Acquisition
01 April 2022
3 min

Nexans announces today the successful completion of its acquisition of Centelsa, a premium cable manufacturer in Latin America specializing in building and utilities applications, from Xignux S.A. (headquartered in Mexico) following receipt of regulatory clearance.

This transaction completes an additional milestone of Nexans’ strategy to become a Pure Electrification Player focusing on the overall value chain originating in generation, and flowing through transmission, distribution, and usage of sustainable energy.

With a total turnover of more than US$ 339 million in 2021, Centelsa’s three manufacturing plants in Cali, Colombia and their distribution center in Ecuador will complement Nexans’ presence in Latin America. Nexans already operates four industrial plants in Colombia, Peru, Chile and Brazil and employs 1,300 people. Nexans regional headquarters will be now located in Cali.

Nexans and Centelsa share a culture that emphasizes premium customer service and experience. Their collective histories as pioneers in sustainable technologies combined with their experience in electrification will benefit customers with enhanced solutions. The Group will also be able to build for its customers and partners a unique premium brand in the distribution and usage markets, while accelerating the development of a renewable energy offering across the region.

Nexans will foster its Amplify program for innovation with the creation of a Design Lab in Cali, Colombia. This will include a fully dedicated team to enhance innovation based on Latin American customer experience and needs.

The acquisition of Centelsa is fully aligned with the Group’s strategic ambition to become a Pure Player in Electrification. I am delighted that we can now welcome the teams of Centelsa to Nexans. Combining the strengths of two world-class teams will allow us to seize the exciting opportunities that lie ahead in sustainable electrification in the Latin America region.

Christopher Guérin
Christopher Guérin

CEO, Nexans

In our history together with the Centelsa team we have made great achievements. We worked together with professionalism and dedication, providing high value to our customers. I am convinced that, together with Nexans, Centelsa’s team will continue to be a key player in the industry, providing growth to its people and customers.

Sergio Valdés

CEO, Viakable, a Xignus company