New York Governor Kathy Hochul recently visited Belden Inc. at its plant in Syracuse, New York, where she announced $2.4 million in incentives and tax credits to help the company expand its optical fiber production.

A press release said that Syracuse is home to Belden’s primary Broadband Solutions location, operating under the PPC Broadband brand, where Hochul highlighted key programs in her 2024 New York state budget. The Governor also announced a flurry of economic and financial awards, including a $1.2 million Empire State Development grant for Belden and a $1.2 million Excelsior Jobs tax credit.

“We are honored to welcome Governor Hochul to our Syracuse location,” said Belden President and CEO Dr. Ashish Chand. “Her words describing New York’s rich history of transformation and reinvention, spoken from inside a Belden facility, underscore how Belden itself is leading the way through ingenuity and innovation from its many key locations across the U.S. and around the world.”

Belden was one of 19 recipients across New York State to receive a total of $15 million in financial awards through the Regional Economic Development Council initiative.

Nexans has been awarded a contract to supply a leading Italian utility with 6,000 km of low- and medium-voltage power distribution cables and services.

A press release said that the cables will be manufactured at the Nexans plant in Battipaglia, Italy, using 100% guaranteed low-carbon aluminum that can reduce the greenhouse gas emissions by 35% to 50%, depending on the products. The cable will be used in underground power lines that are designed to be more resilient to the increasingly frequent extreme climate phenomena that affect power distribution infrastructure worldwide. It will be supplied over a period of 16 months.

Being part of this initiative “places Nexans at the very heart of decarbonized electrification in Italy and in Europe and demonstrates the commitment of our two groups to the world energy transition,” said Elyette Roux, vice president of power distribution cables and accessories at Nexans.

Nexans will also supply the company’s ULTRACKER DRUMS solution that will assist the utility in tracking and managing the delivery of their cables on site, enabling real-time geolocation of cable drums thanks to edge-computing technologies, and providing unique advantages such as shipments follow-up, theft detection, remote monitoring, residual cable length management, and a streamlined drum pick-up.

Nexans announces that it has agreed to acquire La Triveneta Cavi, an iconic Italian manufacturer that serves the European medium- and low-voltage segments.

A press release said that the company, founded in 1965 by Ermenegildo Scalabrin, Gastone Massignan and Bruno Gobetti, employs some 700 people and has current revenues of more than €800 million over the last 12 months. La Triveneta Cavi primarily manufactures for sectors such as building, infrastructure, fire-retardant cable systems and renewable applications across 30 countries.

La Triveneta Cavi operates a vertically integrated and best-in-class industrial footprint in Italy, including three cable production units featuring efficient logistical capabilities in Brendola and Tolentino, as well as one in-house copper drawing facility in Montecchio Maggiore.

The proposed acquisition “is a significant leap forward in Nexans’ strategy to become an electrification pure player, adding a widely recognized player with a long-standing tradition of best-in-class innovation and industrial platforms, as well as a highly experienced management team with a strong track record.”

Nexans expects to see its building cable portfolio grow to address the major market shifts as global demand for fire safety cables is expected to grow at +13% CAGR over the 2021-2030 period. Nexans will further develop La Triveneta Cavi’s experience in fire-retardant capabilities to expand the Group’s global fire safety offer.

“The acquisition of La Triveneta Cavi will be a major milestone in our journey to become a global electrification pure player,” Nexans CEO Christopher Guérin said. He noted that Italy represents the third largest economy in the Eurozone, the second largest manufacturing economy in Europe, with high skilled talents, and has renowned excellences in R&D and industrial processes. “The combination of Nexans and La Triveneta Cavi will be a real catalyst for a “Made in Italy” cable production in the Veneto region of Italy, that will bring significant investment and jobs for La Triveneta Cavi.”

“Nexans will bring significant resources to further expand La Triveneta Cavi’s operations, most notably to accelerate the deployment of the fire safety technology,” said La Triveneta Cavi CEO Mariano Peripolli. “By combining our entrepreneurial spirit with Nexans’ pioneering and agile culture, we are poised to drive innovation and create transformative impact. Indeed, we are proud to have found the right partner capable of enhancing the work done so far by our people and continuing the development of our company.”

Amphenol Corporation has completed the acquisition of the Industrial Products Group (IPG) of Trexon, a divestiture that includes the brand portfolios of TPC Wire & Cable, Pittsburgh Wire and Cable and MilRail.

A press release said that the elements will become part of the Amphenol Harsh Environment Solutions Division, joining several other existing industrial businesses. “I’m very excited to welcome TPC Wire & Cable (Trexon’s Industrial Products Group) to the Amphenol family,” said Division President Luc Walter. “TPC’s unique capabilities extend Amphenol’s harsh environment interconnect capabilities by adding highly engineered raw cable and value-add cable assemblies for the high technology and harsh environment industrial markets. Collectively, Amphenol and TPC provide a broader solution offering to our customers in these markets.”

Trexon, a portfolio company of Audax Private Equity, was formed in 2021. It included two divisions, one being IPG, the other for engineered products. TPC’s IPG division will operate as a standalone business unit within Amphenol under the new name of Amphenol TPC Wire & Cable. By leveraging the complementary capabilities of the existing organization, Amphenol TPC will accelerate/ enhance the value of critical industrial applications in the market. It will retain its current headquarters. Walter noted that the entire executive team of TPC will remain with the company.

“TPC’s unique capabilities extend Amphenol’s harsh environment interconnect capabilities by adding highly engineered raw cable and value-add cable assemblies for the high technology and harsh environment industrial markets,” Walter said. “Collectively, Amphenol and TPC provide a broader solution offering to our customers in these markets.”

Pittsburgh Wire & Cable, Inc., established in 1992, is a stocking distributor of industrial and commercial wire, cable and accessories. MilRail is a U.S./Canadian specialty distributor for wire and cable, electrical components, cable management, wire harnesses, and cable assemblies serving the rail.

The acquisition follows Amphenol’s agreement to acquire the Carlisle Interconnect Technologies (CIT) business of Carlisle Companies. Other recent acquisitions include PCTEL, a global provider of wireless technology solutions, including purpose-built Industrial IoT devices, antenna systems, and test and measurement products; and Airmar Technology Corporation, a supplier of ultrasonic sensors and sensor systems for marine and other industrial applications.