Nexans has recently announced that it has entered into exclusive negotiations to sell its industrial cable division, Lynxeo, to Latour Capital, a France-based private equity firm, for an enterprise value of €525 million. This proposed transaction aligns with Nexans’ strategy to refocus as a Pure Electrification Player by exiting the specialty industrial cables sector.
Lynxeo is a leading provider of specialty industrial cables, playing a crucial role as a fully integrated supplier to a diverse range of infrastructure industries, including transportation, energy, and automation. With over a century of experience serving industrial leaders, Lynxeo has a strong global manufacturing footprint across Europe, Asia, and the United States. The company employs 2,000 people and generates annual standard sales exceeding €700 million.
Christopher Guérin, Chief Executive Officer of Nexans said, “ This agreement marks a pivotal milestone in our electrification journey. It will streamline our operations and ensure efficient resource allocation. Our long-term vision for sustainable growth and leadership in the electrification ecosystem starts now. Under Latour Capital’s expert guidance, Lynxeo’s future will shine brightly. Their wealth of experience and strategic insight will undoubtedly catalyze Lynxeo’s growth and innovation.”
“Lynxeo is a unique opportunity in the specialty industrial cables, ideally positioned in a highly fragmented and growing market. We firmly believe in Lynxeo’s strong growth potential and are pleased to embark on this exciting journey ”, said Jean-François Beaudoin and Sylvain Dekens, Senior Partner and Partner at Latour Capital.
The relevant works council will be informed and consulted in connection with the proposed transaction. In addition, the proposed transaction remains subject to the fulfilment of customary regulatory approvals. On this basis, the closing of the proposed transaction could take place in the second half of 2025.
J.P. Morgan Securities Plc is acting as exclusive financial advisor to Nexans while Bredin Prat is acting as legal counsel on the transaction.
