Latest news with #ChristopherGuérin
Associated Press
2 days ago
- Business
- Associated Press
Nexans completes the sale of Lynxeo to Latour Capital
Paris, June 30th, 2025 – Nexans announces today the completion of the sale of Lynxeo, its industrial cable division, to Latour Capital, a France-based private equity fund, for an Enterprise Value of €525 million. This transaction represents a key milestone in Nexans' strategy to refocus on its core electrification business and establish itself as a pure player in electrification. Christopher Guérin, Chief Executive Officer of Nexans said: ' The closing of the transaction 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 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.' About Latour Capital Latour Capital is an independent French asset management company with an entrepreneurial culture and extensive operational experience. With €4bn under management and a team of thirty professionals, Latour is positioned as an active investor, working closely with the management of its portfolio companies. Focusing on companies with strong growth potential in France and abroad, Latour Capital benefits from the strategic vision of its two active founding partners, Cédric Bannel (founder of among others) and Philippe Léoni (Chairman and CEO of the Spir group for 13 years and co-founder of Leboncoin website, among others), who have brought together a team of Partners with solid operational experience. Latour Capital thus highlights the specialised expertise of its team, with 50% of its partnership now made up of former managers, contributing to the development and growth of its portfolio companies. For more information: About Nexans For over a century, Nexans has played a crucial role in the electrification of 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. In 2024, Nexans generated €7.1 billion in standard sales. The Group is a leader in the design and manufacturing of cable systems and services across four main business areas: PWR-Transmission, PWR-Grid, PWR-Connect and Industry & Solutions. Nexans was the first company in its industry to create a Foundation supporting sustainable initiatives, bringing access to energy to disadvantaged communities worldwide. The Group is recognized on the CDP Climate Change A List as a global leader on climate action and has committed to Net-Zero emissions by 2050 aligned with the Science Based Targets initiative (SBTi). Nexans. Electrifythefuture. Nexans is listed on Euronext Paris, compartment A. For more information, please visit Contacts: Investor relations Audrey Bourgeois Tel.: +33 (0)1 78 15 00 43 [email protected] Communication Mael Evin (Havas Paris) Tel. : +33 (0)6 44 12 14 91 [email protected] Olivier Daban Tel. : +33 6 75 02 20 73 [email protected] Attachment
Yahoo
2 days ago
- Business
- Yahoo
Nexans completes the sale of Lynxeo to Latour Capital
Paris, June 30th, 2025 – Nexans announces today the completion of the sale of Lynxeo, its industrial cable division, to Latour Capital, a France-based private equity fund, for an Enterprise Value of €525 million. This transaction represents a key milestone in Nexans' strategy to refocus on its core electrification business and establish itself as a pure player in electrification. Christopher Guérin, Chief Executive Officer of Nexans said: 'The closing of the transaction 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.' About Latour Capital Latour Capital is an independent French asset management company with an entrepreneurial culture and extensive operational experience. With €4bn under management and a team of thirty professionals, Latour is positioned as an active investor, working closely with the management of its portfolio companies. Focusing on companies with strong growth potential in France and abroad, Latour Capital benefits from the strategic vision of its two active founding partners, Cédric Bannel (founder of among others) and Philippe Léoni (Chairman and CEO of the Spir group for 13 years and co-founder of Leboncoin website, among others), who have brought together a team of Partners with solid operational experience. Latour Capital thus highlights the specialised expertise of its team, with 50% of its partnership now made up of former managers, contributing to the development and growth of its portfolio companies. For more information: About Nexans For over a century, Nexans has played a crucial role in the electrification of 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. In 2024, Nexans generated €7.1 billion in standard sales. The Group is a leader in the design and manufacturing of cable systems and services across four main business areas: PWR-Transmission, PWR-Grid, PWR-Connect and Industry & Solutions. Nexans was the first company in its industry to create a Foundation supporting sustainable initiatives, bringing access to energy to disadvantaged communities worldwide. The Group is recognized on the CDP Climate Change A List as a global leader on climate action and has committed to Net-Zero emissions by 2050 aligned with the Science Based Targets initiative (SBTi).Nexans. Electrify the future. Nexans is listed on Euronext Paris, compartment A. For more information, please visit Contacts: Investor relations Audrey Bourgeois Tel.: +33 (0)1 78 15 00 43 Communication Mael Evin (Havas Paris) Tel. : +33 (0)6 44 12 14 91 nexans_h@ Olivier Daban Tel. : +33 6 75 02 20 73 Attachment Nexans_Press release Nexans completes the sale of Lynxeo to Latour CapitalSign in to access your portfolio
Yahoo
02-06-2025
- Business
- Yahoo
Nexans further enhances its portfolio in Electrification with the acquisition of Cables RCT in Spain
Nexans further enhances its portfolio in Electrification with the acquisition of Cables RCT in Spain Cables RCT is a high-quality, Spanish low-voltage cable producer, with state-of-the-art footprint in Southern Europe and outstanding expertise This acquisition represents an additional milestone in Nexans' strategy to reinforce its footprint in key geographies Paris, June 2nd, 2025 — Nexans, a leader in the global energy transition, has completed today the acquisition of 100% of the share capital of Cables RCT. Based in Spain, Cables RCT offers an extensive copper low-voltage portfolio with a recognized outstanding expertise in flexible fire safety solutions for buildings. The company operates across 30 countries with a strong presence in Iberia. This strategic acquisition reinforces Nexans' commitment to expanding its capabilities in key geographies, by accelerating growth in core market verticals. Founded in 1965, Cables RCT generated 133 million euros of revenues in 2024, employs approximately 175 people and operates one state-of-the-art cable production unit in Zaragoza, as well as logistic facilities in Barcelona, Madrid, Sevilla and Valencia. Furthermore, Cables RCT expects to fully commission within the next few weeks a significant CAPEX program that has been fully funded before the transaction date ; it aims at increasing its production capacity by 25%+ with a focus on fire safety offers to meet growing demand for safer and more sustainable solutions. This acquisition further enhances Nexans' footprint in Southern Europe with highly complementary assets as well as state-of-the-art production capabilities and a strong focus in innovative fire safety products. The move will accelerate Nexans' profitable growth by enhancing efficiency, expanding its portfolio, and driving innovation in the region. Cables RCT's experienced management team will continue to drive future growth and to support Nexans in delivering the substantial deal synergies . Nexans expects meaningful shareholder value creation through an appealing synergies case, fully leveraging Cables RCT's recently upgraded industrial footprint while implementing Nexans' proven proprietary programs, SHIFT. Christopher Guérin, Nexans' CEO said: 'The acquisition of Cables RCT marks another decisive step in executing our strategic ambition to become a Pure Player in Electrification. It will strengthen Nexans' presence in key geographies and accelerate our momentum in selected markets in line with the Group's strategy. We are delighted to welcome Cables RCT team to develop the business and further create value together.' Gonzalo Mateos Tobajas, Cables RCT CEO, emphasized: 'We are proud to join a group that shares our core values and our vision for the future. This ensures continuity – for our people, our customers, and our know-how – while giving Cables RCT the means to respond even more effectively to growing regulatory and technological demands in the field of electrification.' About Nexans For over a century, Nexans has played a crucial role in the electrification of 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. In 2024, Nexans generated €7.1 billion in standard sales. The Group is a leader in the design and manufacturing of cable systems and services across four main business areas: PWR-Transmission, PWR-Grid, PWR-Connect and Industry & Solutions. Nexans was the first company in its industry to create a Foundation supporting sustainable initiatives, bringing access to energy to disadvantaged communities worldwide. The Group is recognized as a global leader on climate action and has committed to Net-Zero emissions by 2050 aligned with the Science Based Targets initiative (SBTi). Nexans. Electrify the Future. Nexans is listed on Euronext Paris, compartment more information, please visit Contacts Investor relations Audrey BourgeoisTel.: +33 (0)1 78 15 00 Communication Mael Evin (Havas Paris) Tel. : +33 (0)6 44 12 14 91nexans_h@ Olivier Attachment 20250602 Nexans further enhances its portfolio in electrification with the acquisition of Cables RCT in SpainError in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
07-05-2025
- Business
- Yahoo
Nexans to Host 2025 Innovation Summit in Toronto Focused on Advancing the Future of Electrification
Nexans presents its Innovation Summit 2025, set to take place in Toronto on October 9, 2025. With partners including Electro Federation Canada (EFC), the France Canada Chamber of Commerce (ON, MB), and Habitat for Humanity Canada, the event will convene global leaders in energy, sustainability, and technology to explore timely topics such as electrification, smart cities, and grid modernization PARIS, May 7, 2025 /CNW/ -- Nexans, a global leader in the design and manufacturing of cable systems and energy solutions, today announced that it will host its Innovation Summit 2025 on October 9, 2025, in Toronto, Canada. The event will bring together the brightest minds in the fields of energy, sustainability, and technology to discuss and address the challenges surrounding the electrification of the future. The theme of the summit, "A New Era of Electrification," will focus on the urgent call to expand grid capacity in an effort to meet growing demand while reducing carbon emissions and environmental impact. Keynote speakers and panel discussions will explore a wide range of timely topics, including: Smart Cities : How can we balance technological innovation with sustainability in urban environments? Grid Modernization : What strategies can we adopt to increase grid capacity while reducing emissions and waste? Sustainability and Technology: How can we harness the power of emerging technologies to achieve sustainable growth? In partnership with Electro Federation Canada (EFC), the France Canada Chamber of Commerce (ON, MB) and Habitat for Humanity Canada, the event will also focus on Nexans' sustainability goals commitment, providing insights on the company's path forward and the role it plays in shaping North America's electrification future. "At the heart of our discussions lies a powerful conviction: sustainable electrification demands audacious investment in innovators and scalable solutions. To shape an electrified future that respects our planet, we must urgently accelerate the deployment of technologies and empower the talent capable of fundamentally redefining how electricity is generated, distributed, and consumed," said Christopher Guérin, CEO of Nexans. The event will also be led and concluded with proactive initiatives that reflect Nexans' commitment to innovation and community impact. Leading up to the summit, the Nexans Innovation Challenge will engage university students to develop bold solutions in grid modernization, renewable energy, and smart city technologies, with winners being selected at the event. Following the summit a community initiative in partnership with Habitat for Humanity Canada, will underscore Nexans' dedication to giving back, highlighting the importance of aligning technological advancement with local engagement.
Cision Canada
07-05-2025
- Business
- Cision Canada
Nexans to Host 2025 Innovation Summit in Toronto Focused on Advancing the Future of Electrification Français
Nexans presents its Innovation Summit 2025, set to take place in Toronto on October 9, 2025. With partners including Electro Federation Canada (EFC), the France Canada Chamber of Commerce (ON, MB), and Habitat for Humanity Canada, the event will convene global leaders in energy, sustainability, and technology to explore timely topics such as electrification, smart cities, and grid modernization PARIS, May 7, 2025 /CNW/ -- Nexans, a global leader in the design and manufacturing of cable systems and energy solutions, today announced that it will host its Innovation Summit 2025 on October 9, 2025, in Toronto, Canada. The event will bring together the brightest minds in the fields of energy, sustainability, and technology to discuss and address the challenges surrounding the electrification of the future. The theme of the summit, "A New Era of Electrification," will focus on the urgent call to expand grid capacity in an effort to meet growing demand while reducing carbon emissions and environmental impact. Keynote speakers and panel discussions will explore a wide range of timely topics, including: Smart Cities: How can we balance technological innovation with sustainability in urban environments? Grid Modernization: What strategies can we adopt to increase grid capacity while reducing emissions and waste? Sustainability and Technology: How can we harness the power of emerging technologies to achieve sustainable growth? In partnership with Electro Federation Canada (EFC), the France Canada Chamber of Commerce (ON, MB) and Habitat for Humanity Canada, the event will also focus on Nexans' sustainability goals commitment, providing insights on the company's path forward and the role it plays in shaping North America's electrification future. "At the heart of our discussions lies a powerful conviction: sustainable electrification demands audacious investment in innovators and scalable solutions. To shape an electrified future that respects our planet, we must urgently accelerate the deployment of technologies and empower the talent capable of fundamentally redefining how electricity is generated, distributed, and consumed," said Christopher Guérin, CEO of Nexans. The event will also be led and concluded with proactive initiatives that reflect Nexans' commitment to innovation and community impact. Leading up to the summit, the Nexans Innovation Challenge will engage university students to develop bold solutions in grid modernization, renewable energy, and smart city technologies, with winners being selected at the event. Following the summit a community initiative in partnership with Habitat for Humanity Canada, will underscore Nexans' dedication to giving back, highlighting the importance of aligning technological advancement with local engagement. Guérin further emphasized: "The Nexans Innovation Summit 2025 represents a decisive step forward in our mission to responsibly electrify the world. The challenge of expanding grid capacity sustainably while respecting our environmental commitments requires collective ingenuity, collaboration, and bold action. Nexans is dedicated to mobilizing the brightest minds to drive the transformative solutions our future demands." To learn more about the event, visit: Nexans Innovation Summit 2025 - Nexans About Nexans For over a century, Nexans has played a crucial role in the electrification of 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. In 2024, Nexans generated €7.1 billion in standard sales. The Group is a leader in the design and manufacturing of cable systems and services across four main business areas: PWR-Transmission, PWR-Grid, PWR-Connect and Industry & Solutions. Nexans was the first company in its industry to create a Foundation supporting sustainable initiatives, bringing access to energy to disadvantaged communities worldwide. The Group is recognized as a global leader on climate action and has committed to Net-Zero emissions by 2050 aligned with the Science Based Targets initiative (SBTi). Nexans. Electrify the future. Contacts: SOURCE Nexans
