Nexans, a leader in energy transition, will buy 100% of Electro Cables Inc. This Canadian family-owned business focuses on low-voltage cables.
Founded in 1985, Electro Cables is based in Trenton, Ontario. The company focuses on delivering valuable cable solutions and related technologies. The company operates two industrial sites and employs approximately 200 people.
It serves fast-growing markets such as:
Infrastructure projects
Data centers
Gigafactories
Powered transportation
Renewables
Key buildings, especially in healthcare.
Electro Cables reported around €125 million in sales for the year ending July 2025. This reflects strong growth and solid profits.
The acquisition strengthens Nexans’ presence in Canada. It also expands their low-voltage solutions and improves local supply chain efficiency. Nexans’ SHIFT program will create valuable synergies and enhance innovation. The deal will be fully paid in cash from Nexans’ strong balance sheet. It should increase EPS starting in the first year.
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Julien Hueber, CEO of Nexans, said: “The acquisition of Electro Cables brings complementary expertise and a strong reputation for quality in low-voltage solutions in Canada. Their positioning perfectly aligns with Nexans’ strategy and complements Nexans’ offer in a dynamic market. This represents another major step for Nexans, reinforcing its ambition to become a pure player in Electrification through high added value solutions. This acquisition will create significant value thanks to the attractive growth and profitability perspectives.”
Tim King, Managing Director PWR-Grid & Connect North America, added: “Nexans is proud to welcome Electro Cables. This marks a key strategic milestone in deepening our commitment to customers across Canada. We look forward to working with the talented Electro Cables team to deliver enhanced value, exceptional service, and innovative solutions.”
Gord Davis, CEO of Electro Cables, said: “Electro Cables’ 40-year legacy of service excellence, product quality, and deep commitment to our team has led us to this significant moment in our journey. As we join forces with Nexans Canada, we are confident that these core values will not only endure but thrive, enhancing the way we serve our customers and strengthening the relationships we have built over decades.”