Nexans Completes Sale of Lynxeo to Latour Capital
Deal News | Jun 30, 2025 | Globenewswire
In a strategic move to refocus on its core business of electrification, Nexans has finalized the sale of its industrial cables division, Lynxeo, to French private equity firm Latour Capital for an enterprise value of 525 million euros. This divestment marks a critical step in Nexans' strategy to streamline operations and allocate resources effectively. As a leader in cable systems and electrification services, Nexans aims to drive sustainable growth and leadership in the electrification industry, targeting net-zero emissions by 2050. Latour Capital is well-positioned to foster Lynxeo's growth and innovation, supported by its extensive operational experience and strategic vision. Nexans reported 7.1 billion euros in standard sales in 2024, aligning this transaction with a broader commitment to climate action and renewable energy.
Sectors
- Electrification
- Private Equity
- Industrial Cables
Geography
- France – Both Nexans and Latour Capital are based in France, making it a central geography for the transaction.
Industry
- Electrification – Nexans' strategic focus post-sale is on electrification, aiming to become a leader in the sector.
- Private Equity – Latour Capital, a private equity firm, is the buyer of Lynxeo, demonstrating their role in acquiring companies with high growth potential.
- Industrial Cables – Lynxeo, the sold division, specialized in industrial cables, highlighting its industry classification.
Financials
- 525 million euros – Enterprise value for the divestment of Lynxeo to Latour Capital.
- 7.1 billion euros – Nexans' reported standard sales in 2024.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Nexans | Selling Company | Company | A global leader in the design and manufacture of cable systems, focusing on electrification. |
| Lynxeo | Target Company | Company | Division of Nexans specializing in industrial cables, sold to Latour Capital. |
| Latour Capital | Bidding Company | Company | A French private equity firm investing in growth-oriented companies. |
| Christopher Guérin | CEO of Nexans | Person | Leading Nexans' strategic refocus on electrification post-sale. |
| Audrey Bourgeois | Investor Relations | Person | Contact for investor relations at Nexans. |
| Mael Evin | Communication | Person | Media contact for Nexans via Havas Paris. |
| Olivier Daban | Communication | Person | Media contact for Nexans. |