Nexans completes the sale of AmerCable to Mattr

02.01.25 16:28 Uhr

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Nexans completes the sale of AmerCable to Mattr

_PRESS RELEASE_

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Paris, January 2, 2025 Nexans announces today the completion of the sale of AmerCable, a leading manufacturer of electrical power, control and instrumentation cables for harsh environments, to Mattr, for an enterprise value of US$280 million.

Christopher Guérin, CEO of Nexans stated: "The completion of this transaction marks yet another significant milestone in our journey to refocus the Group on electrification and simplify our portfolio. Over the past decade, AmerCable has been transformed into a high-performing business, achieving its full potential under our SHIFT program. We thank our AmerCable colleagues for their dedication and contributions and wish them every success for their exciting next chapter.”

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The divestiture aligns with Nexans’ long-term strategy and allows the Group to sharpen its focus on its core Electrification business.

About Mattr
Mattr is a growth-oriented, global materials technology company broadly serving critical infrastructure markets, including transportation, communication, water management, energy and electrification. Its two business segments, Composite Technologies and Connection Technologies, enable responsible renewal and enhancement of critical infrastructure while lowering risks.
For more information, visit: https://www.mattr.com/

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About Nexans

For over a century, Nexans has played a crucial role in the electrification of the planet and is committed to electrifying the future. With approximately 28,500 people in 41 countries, the Group is paving the way to a new world of safe, sustainable and decarbonized electricity that is accessible to everyone. In 2023, Nexans generated 6.5 billion euros in standard sales. The Group is a leader in the design and manufacturing of cable systems and services across four main business areas: PWR-Transmission, PWR-Grid, PWR-Connect and Industry & Solutions. Nexans was the first company in its industry to create a Foundation supporting sustainable initiatives, bringing access to energy to disadvantaged communities worldwide. The Group is recognized on the CDP Climate Change A List as a global leader on climate action and has committed to Net-Zero emissions by 2050 aligned with the Science Based Targets initiative (SBTi).

Nexans. Electrify the future.

Nexans is listed on Euronext Paris, compartment A.
For more information, please visit www.nexans.com

Contacts:

Communication

 

Mael Evin (Havas Paris)
Tel. : +33 (0)6 44 12 14 91
nexans_h@havas.com

 
Investor relations

 

Elodie Robbe-Mouillot
Tel.: +33 (0)1 78 15 03 87
elodie.robbe-mouillot@nexans.com

        

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Nachrichten zu Nexans

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Analysen zu Nexans

DatumRatingAnalyst
01.11.2012Nexans neutralSarasin Research
23.10.2012Nexans neutralExane-BNP Paribas SA
23.10.2012Nexans underperformCheuvreux SA
23.10.2012Nexans buySociété Générale Group S.A. (SG)
22.10.2012Nexans neutralSarasin Research
DatumRatingAnalyst
23.10.2012Nexans buySociété Générale Group S.A. (SG)
26.07.2012Nexans buySociété Générale Group S.A. (SG)
22.06.2012Nexans buySociété Générale Group S.A. (SG)
09.02.2012Nexans buyUBS AG
29.03.2011Nexans buySociété Générale Group S.A. (SG)
DatumRatingAnalyst
01.11.2012Nexans neutralSarasin Research
23.10.2012Nexans neutralExane-BNP Paribas SA
22.10.2012Nexans neutralSarasin Research
17.09.2012Nexans neutralExane-BNP Paribas SA
18.06.2012Nexans neutralSarasin Research
DatumRatingAnalyst
23.10.2012Nexans underperformCheuvreux SA
01.02.2012Nexans sellSociété Générale Group S.A. (SG)
28.10.2011Nexans sellSociété Générale Group S.A. (SG)
06.09.2011Nexans sellSociété Générale Group S.A. (SG)

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