Nexans to Integrate Electro Cables Inc., Expanding Cable Solutions Reach Across Canadian Market

Strategic Acquisition Strengthens Nexans’ Foothold in North American Low-Voltage Systems

Global electrification leader Nexans has moved to acquire 100% stake in Electro Cables Inc., a Trenton, Ontario-based manufacturer with four decades of expertise in specialized low-voltage cable distribution. The deal, announced on October 23, 2025, marks a significant expansion of Nexans’ PWR-Connect portfolio in Canada’s rapidly evolving infrastructure sector.

The Strategic Fit: Complementary Capabilities and Market Access

Electro Cables brings proven capabilities where Nexans seeks to deepen its presence: high-performance solutions for data centers, renewable energy facilities, transportation infrastructure projects, and critical facility systems including healthcare installations. Operating from two established facilities in Ontario, the company has cultivated a reputation for service excellence and technical quality—attributes that align seamlessly with Nexans’ commitment to delivering high-value electrification systems.

The acquisition unlocks operational synergies through Nexans’ established Canadian infrastructure and the deployment of its proprietary SHIFT program, positioning both entities to capture emerging opportunities in grid modernization and energy transition projects across the country.

Financial Profile and Scale

With approximately €125 million in annual sales and a workforce of around 200 professionals, Electro Cables demonstrates the growth trajectory and margin profile that attracted Nexans’ investment committee. The company’s financial performance supports expectations that the transaction will contribute positively to earnings per share beginning in 2026.

Strategic Context: Electro Cables’ Evolution

Founded in 1985 as a family-operated business, Electro Cables has evolved into a specialized supplier serving infrastructure modernization, hyperscale data operations, and renewable energy deployments—sectors driving cable demand across North America. The company’s technology platform and customer relationships represent assets that complement Nexans’ broader positioning in energy transition infrastructure.

Transaction Timeline and Governance

The transaction is anticipated to close during the first half of 2026, contingent on Canadian regulatory clearance and standard closing conditions. Nexans will finance the acquisition entirely through cash resources, maintaining financial flexibility across its capital allocation priorities. Both organizations will maintain independent operations through the closing period.

Industry Leadership Perspectives

Nexans CEO Julien Hueber commented that the acquisition reinforces the company’s transformation into a pure-play electrification partner, emphasizing that Electro Cables’ technical expertise and Canadian market standing create meaningful value creation opportunities.

Tim King, managing director overseeing PWR-Grid and Connect operations in North America, highlighted the strategic timing of deepening Nexans’ commitment to Canadian customers through expanded local capabilities and service capacity.

About Nexans

Operating across 41 markets with 28,500 employees, Nexans generated €7.1 billion in revenue during 2024. The company structures its business through three primary segments: PWR Transmission, PWR Grid, and PWR Connect—each addressing specific elements of the global energy transition. Nexans maintains Net-Zero 2050 commitments aligned with Science Based Targets and operates the E3 framework balancing environmental stewardship, economic performance, and stakeholder engagement. The company is publicly traded on Euronext Paris.