Nexans has entered into negotiations for the sale of its industrial cable division Lynxeo to Latour Capital, a France-based private equity fund, for an enterprise value of EUR 525 million.

Mar 17, 2025

Nexans has announced that it has entered into exclusive negotiations for the sale of its industrial cable division Lynxeo to Latour Capital, a France-based private equity fund, for an enterprise value of EUR 525 million.

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This proposed transaction would mark Nexans’ exit from the specialty industrial cables activity in line with its strategy to refocus as a pure electrification segment.

Christopher Guérin, Chief Executive Officer, Nexans, said, ”This agreement marks a pivotal milestone in our electrification journey. It will streamline our operations and ensure efficient resource allocation. Our long-term vision for sustainable growth and leadership in the electrification ecosystem starts now. Under Latour Capital’s expert guidance, Lynxeo’s future will shine brightly. Their wealth of experience and strategic insight will undoubtedly catalyze Lynxeo’s growth and innovation.”

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Jean-François Beaudoin and Sylvain Dekens, Senior Partner and Partner, Latour Capital, said, ”Lynxeo is a unique opportunity in the specialty industrial cables, ideally positioned in a highly fragmented and growing market. We firmly believe in Lynxeo’s strong growth potential and are pleased to embark on this exciting journey.”