ELECTRO CABLES acquired by NEXANS
Context
Nexans signed an agreement to acquire 100% of Electro Cables Inc. to strengthen its "PWR-Connect" segment in Canada. This acquisition is highly complementary to Nexans' existing Canadian portfolio, providing access to specialized low-voltage markets and high-growth infrastructure segments (EV transport, data centers). The deal is expected to be EPS accretive from Year 1. Nexans plans to deploy its "SHIFT" performance program to unlock significant operational synergies and optimize the local supply chain.
ELECTRO CABLES, which reported an EBITDA margin of in 2024, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the Industry & Manufacturing sector (11.6x).
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Target
Founded in 1985, Electro Cables is a family-owned Canadian specialist in low-voltage cable systems. The company provides high-performance solutions for mission-critical buildings (Healthcare) and high-growth infrastructure projects, including data centers, gigafactories, and renewable energy sites. It operates two manufacturing facilities in Ontario.
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Historical Financials (EUR)
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REFERENCES
Revenue range: 100M - 200M EUR
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Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.
Target: electro cables
Acquirer: nexans