Nexans announced that the company has separated the business of its specialty industrial cable operations, formerly known as Nexans Industry Solutions & Projects, and renamed it Lynxeo.
A press release said that the separation will provide increased clarity in the market, strengthening Lynxeo’s role as a fully integrated player, serving a diversified range of critical infrastructure industries including railways, rolling stock, automation, shipbuilding, wind, aerospace and healthcare. “Today’s announcement is yet another step in the continued successful execution by Nexans of its ‘Electrify the Future’ strategy,” it said.
With 2,000 employees in nine countries and annual standard sales of more than €700 million euros, Lynxeo is “a powerhouse in specialty industrial cables.” The move will allow Lynxeo to further enhance its role in critical industrial segments. It has a heritage of more than 100 years serving industrial champions, and boasts a global manufacturing presence in Europe Asia, and the USA.
