The acquisition of Centelsa marks a key milestone of Nexans’ strategy in being a Pure Electrification Player. The joined expertise and experience of both the companies in sustainable technologies along with electrification will benefit customers with enhanced solutions.
April 6, 2022
Nexans has acquired Centelsa, from Mexico-headquartered Xignux S.A. Centelsa is a premium cable manufacturer and specialises in building and utility applications.
The acquisition marks a key milestone of Nexans’ strategy in being a Pure Electrification Player focusing on the overall value chain originating in generation and flowing through transmission, distribution, and usage of sustainable energy.
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Centelsa has three manufacturing facilities in Cali, Colombia and has a distribution center in Ecuador. The company has a total turnover of USD 339 million. Its addition in the group will complement Nexans’ presence in Latin America.
With four plants in Colombia, Peru, Chile and Brazil, Nexans employs 1,300 people and its regional headquarter will now be positioned in Cali.
Speaking about the acquisition, Christopher Guérin, CEO, Nexans, says, “I am delighted that we can now welcome the teams of Centelsa to Nexans. Combining the strengths of two world-class teams will allow us to seize the exciting opportunities that lie ahead in sustainable electrification in the Latin America region. ”
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The joined expertise and experience of both the companies in sustainable technologies along with electrification will benefit customers with enhanced solutions. The Group will also be able to build a unique premium brand in the distribution and usage markets and accentuate the developments in renewable energy offerings. Moreover, Nexans will foster its Amplify program for innovation with the creation of a Design Lab in Cali, Colombia.
Sergio Valdés, CEO, Viakable, a Xignux Company, “I am convinced that, together with Nexans, Centelsa’s team will continue to be a key player in the industry, providing growth to its people and customers.”
