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9M 2025: Powering the future with growth and strategic leadership transition
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- Electro Cables is a Canadian player in low-voltage cable systems, delivering high-performance and service-focused solutions.
- Strong strategic complement to Nexans’ Canadian portfolio, offering attractive growth perspectives and a robust profitability profile.
Nexans announces the signature of an agreement to acquire 100% of the share capital of Electro Cables Inc. (“Electro Cables”).
Founded in 1985 and headquartered in Trenton, Ontario, Canada, Electro Cables is a family-owned business specializing in low-voltage cables. The company is recognized for its strong expertise in high added value solutions in adjacent to cable businesses and is supported by a robust technology platform that fully complements Nexans’ positioning in Canada. Operating through its two industrial sites, with potential for future expansion, Electro Cables serves fast growing markets such as (i) specialized projects linked to infrastructure, data centers, gigafactories, powered transportation infrastructure, renewables and (ii) critical buildings, particularly in healthcare. With approximately c.€125 million current sales for the last twelve months ending July 2025 and a team of around 200 employees, Electro Cables has demonstrated attractive growth and robust profitability.
This acquisition allows Nexans to further strengthen and complement its activity portfolio in Canada, enhancing its position in a very dynamic market while optimizing local supply chain efficiency. It also paves the way for valuable synergies driven by Nexans’ expanded local presence and the rollout of its proven proprietary SHIFT program while enhancing innovation. The acquisition will be fully financed in cash, leveraging Nexans’ strong balance sheet and is expected to be EPS accretive from year one.
The acquisition of Electro Cables brings complementary expertise and a strong reputation for quality in low-voltage solutions in Canada. Their positioning perfectly aligns with Nexans’ strategy and complements Nexans’ offer in a dynamic market. This represents another major step for Nexans, reinforcing its ambition to become a pure player in Electrification through high added value solutions. This acquisition will create significant value thanks to the attractive growth and profitability perspectives.
CEO, Nexans
Nexans is proud to welcome Electro Cables. This marks a key strategic milestone in deepening our commitment to customers across Canada. We look forward to working with the talented Electro Cables team to deliver enhanced value, exceptional service, and innovative solutions.
Managing Director PWR-Grid & Connect North America, Nexans
Electro Cables’ 40-year legacy of service excellence, product quality, and deep commitment to our team has led us to this significant moment in our journey. As we join forces with Nexans Canada, we are confident that these core values will not only endure but thrive, enhancing the way we serve our customers and strengthening the relationships we have built over decades.
CEO, Electro Cables
Closing of the transaction is expected for H1 2026, subject to Canadian regulatory approvals and satisfaction of other customary closing conditions. Until that time, the companies will continue to operate independently.
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Read all9M 2025: Robust electrification businesses
- High 9M 2025 Group organic growth at +5.8%, including +7.7% organic growth in Q3 2025
- Standard sales of €5,331 million in the first nine months of 2025, up +5.8% organically year on year
- Electrification businesses up +9.4% organically in the first nine months of 2025 and up +12.6% organically in the third quarter of 2025
- Strong adjusted backlog for PWR-Transmission, mainly subsea-driven, at €7.9 billion, up +27% compared to September 2024.
- Today, Nexans announces the signing of an agreement to acquire Electro Cables in Canada, further strengthening its positioning in PWR-Connect segment.
- In September, The European Investment Bank (EIB) has provided a €250 million financing (undrawn) to Nexans supporting the Group in its R&D and innovation projects.
- Full-year 2025 guidance confirmed, as upgraded in July 2025 :
- Adjusted EBITDA of between €810 million and €860 million
- Free Cash Flow of between €275 million and €375 million.
Excluding six months of Lynxeo, including seven months of Cables RCT and excluding future changes of scope.
Nexans, a global leader in the design and manufacturing of cable systems to power the world, announces its financial information for the first nine months of 2025.
Our ambition is clear: to strengthen Nexans’ leadership in Electrification and expand our value creation model: from execution to expansion.
The first nine months of 2025 confirm the solid and disciplined growth of our Electrification businesses with +9.4% organic growth and +12.6% in the third quarter 2025. This performance reflects that we continue to deliver on our commitments fueled by our sharp focus on high added value solutions and a selective approach that allows us to capture strong underlying trends across the Electrification markets. As expected, we saw signs of recovery in Q3 in our PWR-Connect segment while PWR-Transmission and PWR-Grid maintained their strong momentum.
Along with this robust performance, we are pleased to announce today the acquisition of Electro Cables in Canada. This represents another major step for Nexans, reinforcing its ambition to become a pure player in Electrification through high added value solutions. This acquisition will create significant value thanks to the attractive growth and robust profitability perspectives. This transaction illustrates our ongoing efforts to nurture a rich pipeline of opportunities, with targeted M&A being at the core of our strategy to further expand our value creation model.
Our ambition is to strengthen Nexans’ competitiveness while amplifying selective, profitable growth in Electrification. I am convinced that the continuity of our disciplined execution and focus on performance will continue to drive long-term value creation.
CEO, Nexans
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Read allappointment of Julien Hueber
to succeed Christopher Guérin as Chief Executive Officer
Nexans announces that its Board of Directors has resolved to appoint Julien Hueber as the new Chief Executive Officer and to part ways with Christopher Guérin. These decisions will take effect immediately ; Christopher will be available to Julien until October 31st 2025.
The Board of Directors wishes to create a new momentum to further optimize performance while executing the roadmap which was presented during the last Capital Market Day.
The Appointments & Corporate Governance Committee has conducted a comprehensive process to propose a successor for the role of Chief Executive Officer, in line with its established succession plan approach and with the support of a leading executive search firm.
Julien Hueber, a 55-year-old French citizen, is the Executive Managing Director of PWR Grid & Connect Europe, a EUR 2.6 billion and 23 manufacturing plants business. Julien, a member of the Executive Committee since 2018, joined Nexans in 2002. He has solid experience in supply chain and purchasing, in-depth knowledge of the Asia-Pacific region, particularly China and South Korea, where he spent several years leading the Asia-Pacific region. He then took charge of the global ”Industrial Cables – Industry Solutions & Projects” business.
Over the past 23 years, Julien has demonstrated exceptional leadership and a profound understanding of Nexans’ business, operating model, and culture. He combines a strategic vision for future technologies with a strong record of operational excellence, as evidenced by the remarkable acceleration of the PWR Grid & Connect Europe segment under his leadership. I have complete confidence in his ability to lead Nexans in this new phase of focused acceleration, in line with the goals announced during the last Capital Markets Day.
Chairman of the Board of Directors, Nexans
The Board determined that Julien Hueber’s experience, skills and personality made him the perfect candidate to lead the Company, notably his extensive knowledge of Nexans, recognized leadership, and strong track record in setting a vision, defining and driving the execution of the strategy and executing the roadmap. His appointment was warmly endorsed by the Board of Directors.
The Board would like to express its deep gratitude to Christopher Guérin for his exceptional contribution to Nexans, and in particular during his 7 years as Chief Executive Officer. Beyond the strong financial results, Christopher has profoundly transformed Nexans into a focused leader in sustainable Electrification, giving meaning and direction to its mission. He has brought innovation, responsibility, and simplicity to the heart of the company, while restoring confidence across teams worldwide. His leadership and passion have left a lasting mark on the Group and its people.
I would like to warmly thank Christopher for his remarkable commitment and his essential contribution to the transformation of Nexans. He has restored a sentiment of pride to be part of the Nexans family. We wish him every success in his future endeavours.
Chairman of the Board of Directors, Nexans
Nexans organizes an investor call that will take place on October 13th, 2025 at 6:00PM CEST.
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Read allNexans will publish its third quarter 2025 financial information on Thursday, October 23rd, 2025 at 7:00am CEST. The press release and presentation will be available on our website.
Julien Hueber, CEO, will host an audio webcast in English starting at 9:00am CEST on October 23rd, 2025.
Please find below the access details:
Audio dial-in:
Please register by clicking on the following link: Registration.
Connection details will be sent to you directly upon registration.
Replay
A replay will be available on our website after the conference.
The Group announces today that Jean‑Christophe Juillard will step down as Deputy Chief Executive Officer and Chief Financial Officer in the coming months.
With his contribution, Nexans has significantly improved its profitability, strengthened its financial structure and accelerated the implementation of its sustainable value creation strategy. His leadership, expertise and commitment have been key to our collective success.
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