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.
Nov 10, 2024
Nexans announced the business separation of its specialty industrial cable operations Lynxeo ( formerly known as Nexans Industry Solutions & Projects). With 2,000 employees in 9 countries and annual standard sales of over EUR 700 million, Lynxeo is a powerhouse in specialty industrial cables.
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The move will allow Lynxeo to further enhance its role in critical industrial segments. With a heritage of more than 100 years serving industrial leaders, Lynxeo has a global manufacturing presence in Europe, Asia, and the United States of America. The business separation provides increased clarity in the market outlook and recognition of the commitment of Lynxeo’s employees, as well as their ability to innovate and provide high-value-added services.
Lynxeo, as a strategic partner to its clients, will continue to support them with critical application products for the great challenges in fields ranging from rolling stock and railway infrastructure to automation, aerospace, shipbuilding, renewable and non-carbon energies, as well as the healthcare sector.
Commenting on the separation of its specialty industrial cable operations, Juan Ignacio Eyzaguirre, General Manager of Lynxeo, said, “I want to recognize the remarkable efforts that have gone into the project of establishing Lynxeo over the past few months. Our company brings together cutting-edge expertise that is fully aligned with the needs of our clients while addressing future industrial challenges. This is a pivotal moment for our 2,000 employees worldwide who are wired to electrify the industries that move the world. I am deeply honored and delighted to manage this exceptional team.”
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Christopher Guérin, CEO of Nexans, added, “Today marks a significant milestone in our strategic roadmap. We take great pride in introducing Lynxeo. Our simplification plan positions Lynxeo as a leader in specialty industrial cables while reaffirming Nexans’ role as a leader in electrification to support the climate transition. We want to see Lynxeo and its people continue to thrive and will review all options as we continue to deliver in full and on time on our promises.”
