- 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.
Download the report (PDF – 362KO)The 2025 half-year financial report of Nexans has been filed with the AMF (Autorité des Marchés Financiers). It is available to the public in accordance with applicable laws and can be downloaded on Nexans website and on the AMF website.
This half-year financial report includes in particular the condensed consolidated financial statements as at June 30th, 2025, the half-year activity report, the declaration of the person responsible for the half-year financial report and the statutory auditors’ report.
Availability of the 2025 half-year financial report
Download the report (PDF – 262KO)
H1 2025: Outstanding delivery of Nexans’ model
+4.9% organic growth driven by the performance of our Electrification businesses (+7.8% organic growth)
Record EBITDA and ongoing margin improvements
Lynxeo disposal successfully completed
2025 guidance upgraded
- Strong half-year results reflecting the strengths of Nexans’ business model and quality of execution
- H1 2025 standard sales of €3.8 billion (current sales of €4.7 billion), up +4.9% organically and Q2 2025 standard sales of €2.0 billion, up +5.7% organically
- Strong Electrification businesses, up +7.8% organically in H1 2025
- Record adjusted EBITDA of €441 million, up +7.0% year-on-year, adjusted EBITDA margin at 11.7% of standard sales, up +10 bps
- Electrification adjusted EBITDA significantly up +17.2% year-on-year, adjusted EBITDA margin at 13.7% of standard sales with structural improvements bearing fruit
- Net income at €374 million in H1 2025 compared to 176 million in H1 2024, reflecting net gains on asset disposals linked to the AmerCable and Lynxeo divestments
- A very solid balance sheet with strong cash flow generation and no leverage
- Exceptional cash generation with free cash flow of €282 million in H1 2025 (vs €79 million in H1 2024), translating disciplined cash collection across all business units and including an exceptional level of downpayments in H1 2025 resulting in a high cash conversion rate at 64%
- Well-diversified debt profile and no upcoming maturities before 2027
- M&A remains at the core of the Group’s strategy
- Sustainability: a strong commitment across the board
- In H1 2025, CDP revised Nexans’ rating to A
- Successful 11th employee share ownership plan, ACT 2025
- Full-year 2025 guidance upgraded
- Adjusted EBITDA of between €810 million and €860 million (previously: €770 – 850 million, excluding divestment of Lynxeo and future changes of scope)
- Free Cash Flow of between €275 million and €375 million (previously: €225 – 325 million, excluding divestment of Lynxeo and future changes of scope)
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, published its interim consolidated financial statements for the first-half of 2025, as approved by the Board of Directors at its meeting on July 29, 2025 chaired by Jean Mouton. Commenting on the Group’s performance, Christopher Guérin, Nexans’ Chief Executive Officer, said:
“Our exceptional H1 2025 results clearly showcase the power and precision of the Nexans model, anchored firmly in structural performance and disciplined execution. The success of our SHIFT model across the organization reinforces our long-term growth confidence.
I’m particularly proud of the outstanding performance in Electrification, with nearly +8% organic growth driving overall Group growth to almost +5%. Our profitability also reached new heights, with an adjusted EBITDA margin of 11.7%. The continued leadership of our PWR-Grid and PWR-Connect segments demonstrates the effectiveness of our focused strategy. In addition, our PWR-Transmission segment continued its margin expansion, benefiting from smooth project execution.
The strategic divestment of Lynxeo represents a major step forward on our journey toward sustainable electrification leadership. Simultaneously, our strategic acquisition of Cables RCT in Spain further strengthens our portfolio, expanding Nexans’ presence in vibrant, fast-growing markets.
Driven by these outstanding first-half achievements, we are confidently raising our 2025 guidance. Our exceptional performance underscores the agility and resilience, reinforcing our belief in Nexans’ continued ability to deliver sustained value and innovation.”
Nexans announces today the completion of the sale of Lynxeo, its industrial cable division, to Latour Capital, a France-based private equity fund, for an Enterprise Value of €525 million. This transaction represents a key milestone in Nexans’ strategy to refocus on its core electrification business and establish itself as a pure player in electrification.
The closing of the transaction marks a pivotal milestone in our electrification journey. It will streamline our operations and ensure efficient resource allocation. Our long-term vision for sustainable growth and leadership in the electrification ecosystem starts now. Under Latour Capital’s expert guidance, Lynxeo’s future will shine brightly. Their wealth of experience and strategic insight will undoubtedly catalyze Lynxeo’s growth and innovation.
Chief Executive Officer, Nexans
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- 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.
The acquisition of Cables RCT marks another decisive step in executing our strategic ambition to become a Pure Player in electrification. It will strengthen Nexans’ presence in key geographies and accelerate our momentum in selected markets in line with the Group’s strategy. We are delighted to welcome Cables RCT team to develop the business and further create value together.
CEO, Nexans
We are proud to join a group that shares our core values and our vision for the future. This ensures continuity – for our people, our customers, and our know-how – while giving Cables RCT the means to respond even more effectively to growing regulatory and technological demands in the field of electrification.
CEO, Cables RCT
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- First-quarter 2025 standard sales of €1,815.4 million, up +4.1% organically year-on-year:
- Electrification businesses were up +6.8% organically, with double digit organic growth in PWR-Transmission segment. PWR-Grid and PWR-Connect remained well-oriented
- Record adjusted backlog for PWR-Transmission, mainly subsea-driven, at €8.1 billion, up +9.7% compared to €7.4 billion at end of December 2024
- Major framework agreement, valued at more than €1 billion, was secured with RTE in March 2025 for the design, manufacturing, and supply of HVDC cables, which will be used to connect offshore wind farms to the French transmission network
- On April 29, 2025 Nexans has been awarded a 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
- Global electrification pure player profile further strengthened
- Exclusive negotiations with Latour Capital for the sale of Lynxeo, closing expected in Q3 2025
- Integration of La Triveneta Cavi well on track, delivering expected synergies
- Full-year 2025 guidance confirmed
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- Adjusted EBITDA of between €770 and 850 million (excluding future changes of scope)
- Free Cash Flow of between €225 and 325 million (excluding future changes of scope)
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- Considering the very limited presence and exposure of the Group in the US, no material impacts have been identified in relation to US tariffs as announced on April 2, 2025. The Group monitors the evolving situation closely
Nexans, a global leader in the design and manufacturing of cable systems to power the world, announces its financial information for the first-quarter of 2025.
Commenting on the Group’s first-quarter highlights, Christopher Guérin, Nexans’ Chief Executive Officer, said:
« Our first-quarter results demonstrate the structural strength and lasting impact of Nexans’ strategic transformation. Driven by our electrification businesses achieving robust organic growth of +6.8%, this performance reflects our vision and excellence in operational execution.
The strategic divestment of Lynxeo1 reinforces our commitment to becoming a pure player in electrification, sharpening our strategic focus and enhancing our capability to deliver integrated, high-value solutions. We maintain a disciplined approach to external growth, actively pursuing targeted M&A opportunities precisely aligned with our core mission and enhancing sustainable long-term value.
At Nexans, performance is the result of deep structural improvements. The rigorous implementation of our SHIFT transformation program continues to unlock substantial value, fostering resilience and agility that will sustain our business through even the most challenging market conditions.
2025 marks a pivotal year for Nexans. Our clearly defined strategy, robust business model as a pure player of electrification, and unwavering commitment to lasting value creation continue to drive results benefiting all stakeholders.
Despite ongoing global economic and geopolitical uncertainties, Nexans confidently reaffirms its 2025 guidance. »
1 Subject to customary approvals