Nexans announced that it has signed an agreement to acquire 100% of the share capital of Electro Cables Inc., a low-voltage cable manufacturer headquartered in Trenton, Ontario, Canada.

A press release said that the transaction, to be financed entirely in cash, marks a significant step in Nexans’ strategy to strengthen its position in the Canadian market and expand its electrification solutions portfolio. Founded in 1985, Electro Cables is a family-owned business known for its strong expertise in high-value low-voltage cable solutions. The company, which has two industrial sites with room for future expansion, serves fast-growing markets tied to infrastructure, data centers, gigafactories, power transportation infrastructure, renewables, and critical sectors such as healthcare.

Electro Cables generated approximately €125 million in sales in the 12 months ending July 2025 and employs around 200 people. It has been ISO-9001 certified since 1994. Its products are certified by the Canadian Standards Association, listed by Underwriters Laboratories, and/or listed by Intertek (ETL) and available in accordance with ANSI, AREMA, ASTM, ICEA, IEEE, IEC, IMSA and NFPA as applicable.

Per Nexans, the acquisition will reinforce its presence in Canada by optimizing local supply chain efficiency and enabling valuable synergies driven by the company’s proprietary SHIFT performance program. The integration of Electro Cables’ technology platform and customer relationships will enhance Nexans’ ability to deliver innovative and sustainable cable solutions across key verticals.

“This marks a key strategic milestone in deepening our commitment to customers across Canada,” said Nexans CEO Julien Hueber. “We are proud to welcome Electro Cables and look forward to working with their talented team to deliver enhanced value, exceptional service, and innovative solutions.”

Electro Cables’ two manufacturing sites will continue to play a key role in Nexans’ Canadian operations, providing a foundation for continued investment, innovation, and growth. The closing of the transaction was expected to take place in the first half of 2026.

Nexans, a global leader in cable system manufacturing, has secured €250 million in financing from the European Investment Bank (EIB), a portion of which is earmarked for a major new copper production and recycling facility at its historic site in Lens, northern France.

A press release said that the new plant is being built on the same site as Nexans’ existing copper production facility in Lens, northern France. This investment—over €90 million of which is directed to the site—will leverage existing operational expertise. The development is an expansion at the Lens location ​that began copper casting operations in 1971. Once operational, the new plant will increase copper wire production by over 50% and will have annual capacity to recycle up to 80,000 metric tons of copper annually.

The initiative was described as a strategic component of both France’s national reindustrialization agenda and the European Union’s REPowerEU. The project was recognized as part of France’s “France 2030” plan for forward-looking industrial modernization. The Lens site is already France’s only copper rod foundry, and the additional capacity is seen as vital for securing copper supplies and advancing Europe’s circular economy. Nexans projects that, by 2028, a quarter of its cable output from Lens will use recycled copper sourced and refined on-site.​

Beyond Lens, the EIB financing will also support investments at Nexans’ sites in Charleroi, Erembodegem, Calais, and Bourg-en-Bresse, targeting the offshore wind sector, submarine interconnections, and low-carbon cable production. These moves underscore Nexans’ commitment to the energy transition and its Science Based Targets initiative for carbon neutrality.​

Nexans has inaugurated Stella Nova, a Center of Excellence dedicated to pioneering electrification technologies, and unveiled a world-first demonstration of superconducting cables designed for the next generation of data centers.

A press release said that the center, located on the Panattoni Campus in Hanover, Germany, hosts more than 70 experts in engineering, research and manufacturing in the 9,000-sq-m facility. It focuses on three areas: high-precision forming and welding machinery, advanced cryogenic systems for safe fluid transfer, and superconducting cable and Fault Current Limiter systems. The high-voltage laboratory can be used for testing both conventional and superconducting cables and components.

The inauguration included a live demonstration of superconducting low-voltage AC and DC cables, a breakthrough designed to meet the soaring energy demands of hyperscale data centers. These cables can transmit up to 10 times more power than conventional solutions, with zero energy loss, minimal heat generation, and a dramatically reduced infrastructure footprint—critical advantages as data center power consumption is projected to reach 10% of global electricity demand by 2030.

“Superconductivity is revolutionizing the path toward a more efficient and modern energy grid,” said Nexans Corporate VP Director of Innovation Jérôme Fournier. “With Stella Nova, we’re accelerating the energy transition and supporting the digital economy’s sustainability goals.”

Nexans has secured a major contract from Interconnect Malta (ICM) to deliver the second Malta-Sicily interconnector, a high-voltage alternating current (HVAC) subsea link designed to reinforce Malta’s electricity system.

A press release said that the subsea cable, to be made at the company’s U.S. plant in Charleston, South Carolina, will run between Maghtab, Malta, and Ragusa, Sicily. The length was not cited, but a report at independent.com said it would be about 99 km long and the project is valued at approximately €300 million. The cable will be installed in parallel with the existing interconnector that Nexans supplied in 2015.

“Delivering this second interconnector strengthens the energy link between Malta and Sicily, ensuring long-term stability for the country’s electricity supply,” said Nexans’ EVP Power Transmission Business Group, Pascal Radue. “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.”

In other news, Nexans reported that the company is expanding its low-carbon product range this year. The low-voltage cables from its plant in Jeumont (northern France) will have 10% recycled aluminum content and contribute to reducing Nexans’ and its customers’ carbon footprints. They will be made exclusively with low-carbon aluminum produced using a decarbonized energy mix, and 10% of the aluminum in them will be recycled. All the cables from Jeumont for low-voltage markets will include this new feature.

“The goal for Nexans today is to source enough recycled aluminum to meet the market’s needs,” said Nexans Sustainable Offer Marketing Director Laure Desseigne. “That’s why we are asking our customers to route their cables towards streams that effectively ensure circularity, i.e. turn used cables into new, recycled cables.” In 2024, the Nexans Group announced a new €15 million investment plan to modernize its plant in Bourgen-Bresse, France, to produce eco-friendlier medium-voltage cables.

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, that calls for the supply, installation, and commissioning of some 730 km of HVDC cable.

A press release said that the project will require 450 km of subsea cables and 280 km of 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 was said to top

€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.

This landmark agreement with RTE reinforces Nexans’ role in the energy transition in Europe, said Nexans CEO Christopher Guérin. “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.”

In other news, Nexans reported that the company will participate as a partner in the Shift2DC project, a winner of the Horizon Europe program for research and innovation.

The Shift2Dc project aims to accelerate the adoption of Direct Current (DC) technology in both medium- and low-voltage electrical systems. By enhancing efficiency and sustainability, the initiative seeks to modernize energy distribution while ensuring the reliability of key components, such as cables, converters, micro-converters, measurement devices, and switching equipment.

Nexans’ participation in the Shift2DC project represents a major opportunity to develop cables suited for DC installations, particularly for future buildings. These solutions will incorporate advanced functionalities to ensure safety and optimal interaction with the grid.

Through R&D and pilot project experiments, Nexans is committed to designing high-performance, sustainable DC cables. This development relies on a strategic selection of polymers and formulations, optimized transit capacity management, and an eco-design approach considering conductor selection, product size, and recyclability. The objective is to optimize cable lifecycle while integrating innovations that facilitate installation and rapid on-site connections.

The first prototypes, intended for qualification phases, will be produced at the Grimsås pilot plant in Sweden. Nexans will assess the performance of the new DC cables, followed by real-world testing in pilot projects.

Nexans reported two separate contracts, one from TenneT worth up to as much as €1 billion, and a second from Sweden to connect an island to the mainland.

A press release said that one contract is for a new project from Germany’s TenneT, a Dutch-German transmission system operator, that was secured under a 2023 framework agreement. The contract calls for Nexans to handle the engineering, procurement, construction and installation (EPCI) of 250 km of HVDC XLPE cables for the LanWin 2 offshore grid connection system.

The system is being designed to transmit 2 GW of offshore wind energy from the German North Sea to the mainland. Commissioning of the project is expected in 2030. This project highlights Nexans’s ongoing partnership with TenneT, following the BalWin3 and LanWin4 projects in March 2024, to develop the infrastructure essential to support Germany and Europe’s renewable energy future.

Nexans also announced that it has secured a big order from Swedish transmission system operator Svenska kraftnät to deliver 320 km of high-voltage subsea and onshore cables for the Gotland Connection project in Sweden. The project calls for the 220 kV HVAC subsea and onshore cables to strengthen the electricity supply between Gotland—the largest island of Sweden— and mainland Sweden.

The transition to a carbon-neutral industry on Gotland is expected to drive a sharp increase in electricity demand by the early 2030s.Under this contract, Nexans will supply and install the cable systems, which will be manufactured at several of the company’s plants. The project is scheduled for completion by mid-2030 and reinforces Nexans’ position as a trusted leader in energy infrastructure solutions.

Nexans has won a contract from ScottishPower Renewables, part of the Iberdrola Group, to supply the export cable for East Anglia Two (EA2), a 960 MW offshore wind farm in the U.K.

A press release said that Nexans will supply and install approximately 100 km of 275 kV high-voltage subsea export cables and 55 kms of onshore cables. Production of the cable will be done at Nexan plants in Alden, Norway, and Charleroi, Belgium.

Installation work is scheduled to take place in 2027 and 2028, with the project set for completion by the end of 2028. The windfarm is located in the southern North Sea, some 33 km from the Suffolk coast, at its nearest point off Southwold. There are multiple projects involved, including one Nexans also provided the cable for. East Anglia Two, part of the East Anglia Hub, was approved in March 2022 jointly with East Anglia One North. It will host as many as 75 wind turbines. There is also an East Anglia Three. Nexans provided cable for a prior project.

Nexans announced that the company has separated the business of its specialty industrial cable operations, formerly known as Nexans Industry Solutions & Projects, and renamed it Lynxeo.

A press release said that the separation will provide increased clarity in the market, strengthening Lynxeo’s role as a fully integrated player, serving a diversified range of critical infrastructure industries including railways, rolling stock, automation, shipbuilding, wind, aerospace and healthcare. “Today’s announcement is yet another step in the continued successful execution by Nexans of its ‘Electrify the Future’ strategy,” it said.

With 2,000 employees in nine countries and annual standard sales of more than €700 million euros, Lynxeo is “a powerhouse in specialty industrial cables.” The move will allow Lynxeo to further enhance its role in critical industrial segments. It has a heritage of more than 100 years serving industrial champions, and boasts a global manufacturing presence in Europe Asia, and the USA.