Nexans announced that it has signed an agreement to acquire 100% of the share capital of Electro Cables Inc., a low-voltage cable manufacturer headquartered in Trenton, Ontario, Canada.

A press release said that the transaction, to be financed entirely in cash, marks a significant step in Nexans’ strategy to strengthen its position in the Canadian market and expand its electrification solutions portfolio. Founded in 1985, Electro Cables is a family-owned business known for its strong expertise in high-value low-voltage cable solutions. The company, which has two industrial sites with room for future expansion, serves fast-growing markets tied to infrastructure, data centers, gigafactories, power transportation infrastructure, renewables, and critical sectors such as healthcare.

Electro Cables generated approximately €125 million in sales in the 12 months ending July 2025 and employs around 200 people. It has been ISO-9001 certified since 1994. Its products are certified by the Canadian Standards Association, listed by Underwriters Laboratories, and/or listed by Intertek (ETL) and available in accordance with ANSI, AREMA, ASTM, ICEA, IEEE, IEC, IMSA and NFPA as applicable.

Per Nexans, the acquisition will reinforce its presence in Canada by optimizing local supply chain efficiency and enabling valuable synergies driven by the company’s proprietary SHIFT performance program. The integration of Electro Cables’ technology platform and customer relationships will enhance Nexans’ ability to deliver innovative and sustainable cable solutions across key verticals.

“This marks a key strategic milestone in deepening our commitment to customers across Canada,” said Nexans CEO Julien Hueber. “We are proud to welcome Electro Cables and look forward to working with their talented team to deliver enhanced value, exceptional service, and innovative solutions.”

Electro Cables’ two manufacturing sites will continue to play a key role in Nexans’ Canadian operations, providing a foundation for continued investment, innovation, and growth. The closing of the transaction was expected to take place in the first half of 2026.