Latest news with #Nexans'
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
Yahoo
29-04-2025
- Business
- Yahoo
Nexans secures significant contract for Malta-Sicily second interconnector
_PRESS RELEASE_ Nexans has been awarded a significant contract by Interconnect Malta (ICM) to deliver high-voltage subsea cable for Malta's second interconnector. The cables for this project will be produced at Nexans' facility in Charleston, USA. The project will support grid stability and contribute to Malta's energy strategy to meet its 2030 climate and energy targets. By reinforcing the country's electricity network, the interconnector will play a key role in Malta's long-term decarbonization efforts. This contract further strengthens Nexans' position as a trusted partner in power transmission and critical energy infrastructure. Paris, April 29th, 2025 – Nexans, a global leader in the design and manufacturing of cable systems and services, specializing in the offshore wind market and subsea interconnectors, has been awarded a significant contract by Interconnect Malta (ICM) to deliver the second Malta-Sicily interconnector. This new high-voltage alternating current (HVAC) link will reinforce Malta's electricity system, ensuring a stable and resilient energy supply. The cables for this project will be produced at Nexans' facility in Charleston, USA. It also reinforces Nexans' longstanding commitment to supporting Malta's energy independence and economic development. The 225 MW interconnector will operate at 220 kV and consists of subsea cable linking Maghtab, Malta, and Ragusa, Sicily. It will be installed in parallel with the existing interconnector, previously delivered by Nexans in 2015. As part of Malta's national energy strategy, the project will increase security of supply, integrate more renewable energy sources, and support the country's 2030 climate and energy targets. By strengthening Malta's connection to the European grid, it will improve grid stability and foster economic growth through a more reliable power supply."We are proud to contribute to Malta's energy infrastructure," said Pascal Radue, EVP Power Transmission Business Group at Nexans. "Delivering this second interconnector strengthens the energy link between Malta and Sicily, ensuring long-term stability for the country's electricity supply. Building on our longstanding partnership with Interconnect Malta, this project also plays a key role in supporting the country's transition toward a climate-neutral economy and enabling further investment in renewable energy.'"This interconnector is a key milestone for Malta's electricity network," said Ismail D'Amato, CEO at Interconnect Malta (ICM). "By adding a second connection, we are increasing security of supply, increasing grid resilience, and ensuring that Malta has access to reliable and efficient power transmission for years to come. We are pleased to partner with Nexans once again on this project."With this project, Nexans continues to reinforce its role as a key partner in power transmission, delivering high-quality, high-performance cable solutions and innovative technology for critical energy infrastructure 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: CommunicationMael Evin (Havas Paris) Tel.: +33 (0)6 44 12 14 91nexans_h@ Olivier Tilla Investor relations Audrey BourgeoisTel.: +33 (0)1 78 15 00 Nexans secures significant contract for Malta-Sicily second interconnector - EnSign in to access your portfolio
Yahoo
25-03-2025
- Business
- Yahoo
Nexans wins major frame agreement with RTE to supply high-voltage cables for offshore wind farms in France
Nexans wins major frame agreement with RTE to supply high-voltage cables for offshore wind farms in France _PRESS RELEASE_ Nexans has secured a major framework agreement with RTE for the design, manufacturing, and supply of HVDC cables, which will be used to connect the Centre Manche 1 & 2 and Oléron offshore wind farms to the French transmission network. The framework agreement covers the supply of 450 km of high-voltage subsea cables and 280 km of high-voltage onshore cables. This is another step in Nexans' contribution to bringing France closer to its target of 45 GW offshore wind capacity by 2050. The framework agreement is valued above €1 billion, depending on the final quantities to be agreed upon and the subcontractors to be appointed during the next phase leading to the signature of each EPCI contract. Paris, March 25th, 2025 - Nexans, a global leader in the design and manufacturing of cable systems and services, has secured a major framework agreement with RTE (Réseau de Transport d'Electricité), France's Transmission System Operator. The frame agreement includes the supply, installation, and commissioning of 450 km of high-voltage direct current (HVDC) subsea cables and 280 km of high-voltage direct current (HVDC) onshore cables to support the connection of three offshore wind farms, the Center Manche 1 & 2 and Oléron, to the French transmission network. The value of the agreement is above €1 billion, depending on the final quantities to be agreed upon and the subcontractors to be appointed during the next phase leading to the signature of each EPCI contract. With this new framework agreement, Nexans continues to play a central role in Europe's energy transition efforts, supplying high-voltage cables to meet growing demands. The agreement aligns with France's updated offshore wind targets of achieving 45 GW of capacity by 2050. As a key player in the global transition to a more connected and sustainable future, the frame agreement also underscores Nexans' leadership in delivering advanced technology infrastructure for large-scale energy projects. This selection also highlights Nexans continued investment in grid infrastructure, further demonstrating its capacity to execute innovative projects in the field of renewable energy. Christopher Guérin, CEO of Nexans: 'This landmark agreement with RTE reinforces Nexans' position at the forefront of the energy transition in Europe. By delivering state-of-the-art transmission solutions, we are not only supporting France's ambitious offshore wind targets but also strengthening the resilience and sustainability of the power grid. Nexans remains committed to enabling a more connected and sustainable future, leveraging our expertise to drive forward the large-scale renewable energy projects that will define tomorrow's energy landscape.' 'We are proud to be awarded by RTE for this frame agreement,' said Pascal Radue, EVP of Nexans' Power Transmission. 'This contract not only reinforces our strong partnership with RTE but also demonstrates our ongoing commitment to supporting France's ambitious offshore wind and energy transition goals.' 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:Communication Investor relationsMael Evin (Havas Paris) Audrey Bourgeois Tel.: +33 (0)6 44 12 14 91 Tel.: +33 (0)1 78 15 00 43nexans_h@ Olivier Ilham Attachment Nexans secured major frame agreement with RTE - VEnSign in to access your portfolio
