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.

Statement from Christopher Guérin, CEO of Nexans: 

Quote"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."

Key Highlights: 
- The divestiture aligns with Nexans' long-term strategy. 
- The Group aims to sharpen its focus on its core Electrification business.

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About Mattr 
Mattr is a growth-oriented, global materials technology company broadly serving critical infrastructure markets, including: 
- Transportation 
- Communication 
- Water Management 
- Energy and Electrification 

Core Business Segments: 
1. Composite Technologies 
2. Connection Technologies 

Mattr enables responsible renewal and enhancement of critical infrastructure while lowering risks. 
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About Nexans 
For over a century, Nexans has played a crucial role in electrifying the planet and is committed to electrifying the future. With approximately 28,500 people in 41 countries, the Group is paving the way to a new world of safe, sustainable, and decarbonized electricity that is accessible to everyone. 

Key Achievements in 2023: 
- €6.5 billion in standard sales. 
- Leadership in four main business areas: