Nexans announces the business separation of its specialty industrial cable operations, now Lynxeo

Nexans announces the business separation of its specialty industrial cable operations,
now Lynxeo
_PRESS RELEASE_
• 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
• Today's announcement is yet another step in the continued successful execution by
Nexans of its Electrify the Future strategy
Paris, November 6, 2024 – Nexans continues to deliver on its Electrify the Future strategy and
announces today the business separation of its specialty industrial cable operations formerly Nexans
Industry Solutions & Projects now named Lynxeo, part of the Nexans group.
With 2,000 employees in 9 countries and annual standard sales of over 700 million euros, Lynxeo is a
powerhouse in specialty industrial cables. The move will allow Lynxeo to further enhance its role in
critical industrial segments. With a heritage of than 100 years serving industrial champions, Lynxeo
boasts a global manufacturing presence in Europe Asia, and the United States of America.
Lynxeo: a privileged partner for customers facing energy and industrial challenges
Today's business separation provides increased clarity in the market outlook and it is a 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.
Juan Ignacio Eyzaguirre, General Manager of Lynxeo, emphasized: "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."
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."