Nexans – Nexans completes the sale of AmerCable to Mattr
Paris, January 2, 2025 – Nexans announces today 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 US$280 million.
Christopher Guérin, CEO of Nexans stated: “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 its focus on its core Electrification business.
SourceNexans
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More information on Nexans: See the full profile on EMR Executive Services
More information on Christopher Guérin (Chief Executive Officer, Nexans + President, Europacable): See the full profile on EMR Executive Services
More information on Jean-Christophe Juillard (Deputy Chief Executive Officer, Chief Financial Officer and Chief Information Officer, Nexans): See the full profile on EMR Executive Services
More information on SHIFT Sales Program by Nexans: See the full profile on EMR Executive Services
More information on AmerCable: https://amercable.nexans.com/en/ + AmerCable is an ISO 9001-certified manufacturer of jacketed electrical power, control and instrumentation cables. The company’s core markets, mining, oil and gas, and industrial, require complex cable designs that can operate reliably over long periods of time in harsh operating environments. Made in USA! All product are made in El Dorado, Arkansas and Katy, Texas.
More information on SHIFT Sales Program by Nexans: See the full profile on EMR Executive Services
More information on Mattr: https://www.mattr.com/ + For over 50 years, Mattr has delivered advanced materials technologies and complex manufacturing expertise. Through a portfolio of brands, Mattr offers highly engineered solutions, technology, and products to support infrastructure projects and markets worldwide. From energy, to automotive, to communication, and transportation, Mattr serves a wide breadth of industries and markets. Mattr brands: Shawflex, DSG-Canusa, Flexpipe, Xerxes and Shawcor.
More information on Mike Reeves (President and Chief Executive Officer, Mattr): https://www.mattr.com/leadership-governance/ + https://www.linkedin.com/in/mike-reeves-8baa862/