Nexans to acquire Canadian manufacturer

Nexans has signed an agreement to acquire 100% of Electro Cables Inc., a leading Canadian low-voltage cable manufacturer based in Trenton, Ontario. The all-cash deal, valued at approximately €125 million, will bolster Nexans’ position in Canada’s electrification market. Electro Cables’ two sites and 200-person team serve fast-growing sectors such as infrastructure, renewables, and healthcare, with certified products meeting multiple international standards. Closing of the transaction is expected in the first half of 2026, pending regulatory approval.

Nexans plans to acquire 100% of Electro Cables Inc., a low-voltage cable manufacturer based in Trenton, Ontario, Canada. As a result, the all-cash deal strengthens Nexans’ position in Canada and broadens its electrification solutions portfolio in fast-growing segments.

Founded in 1985, Electro Cables operates as a family-owned specialist in high-value low-voltage cable solutions. The company runs two industrial sites with room to expand. It serves infrastructure, data centers, gigafactories, power networks, renewables and critical sectors such as healthcare

Electro Cables generated about €125 million in sales in the 12 months ending July 2025 and employs roughly 200 people. In addition, its operations carry ISO 9001 certification, and its products hold approvals or listings from CSA, UL and Intertek (ETL) and comply with standards such as ANSI, ASTM, ICEA, IEEE, IEC, IMSA and NFPA.

Nexans expects the acquisition to improve its Canadian footprint by tightening local supply chains and unlocking synergies with its SHIFT performance program. Consequently, integrating Electro Cables’ technology and customer relationships will help Nexans deliver more innovative, sustainable low-voltage cable solutions across key verticals.

Nexans CEO Julien Hueber described the transaction as a key milestone in deepening the company’s commitment to Canadian customers. Looking ahead, he emphasized plans to collaborate with Electro Cables’ team to enhance value, service and innovation for the market.

Electro Cables’ two plants will continue to anchor Nexans’ operations in Canada and support ongoing investment and growth. The companies expect to close the transaction in the first half of 2026, subject to customary conditions

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