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.