The divestiture aligns with Nexans’ long-term strategy and allows the group to sharpen focus on its core electrification business.
Jan 3, 2025
Nexans has announced the completion of the sale of AmerCable, a leading manufacturer of electrical power, control and instrumentation cables for harsh environments, to Mattr, for an enterprise value of USD 280 million.
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Christopher Guérin, CEO of Nexans, said, “The completion of this transaction marks yet another significant milestone in our journey to refocus the Group on electrification and simplify our portfolio. Over the past decade, AmerCable has been transformed into a high-performing business, achieving its full potential under our SHIFT program. We thank our AmerCable colleagues for their dedication and contributions and wish them every success for their exciting next chapter.”
The divestiture aligns with Nexans’ long-term strategy and allows the group to sharpen focus on its core electrification business.
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‘‘AmerCable is a highly respected North American cabling company with exceptional brand and product development capabilities. We plan to grow the business further and expand its successful operations,’’ added Mike Reeves, CEO, MATTR.
