Nexans finalizes sale of AmerCable to Mattr for $280 million
Deal News | Jan 02, 2025 | Globenewswire
Nexans, a key player in global electrification, has completed its strategic divestment of AmerCable to Mattr for an enterprise value of $280 million. This decision aligns with Nexans' long-term strategy to concentrate on its core business of electrification by simplifying its portfolio. AmerCable, under Nexans' transformation program SHIFT, has reached significant performance, and Nexans expressed gratitude to its AmerCable colleagues while wishing them success under Mattr. Mattr, renowned for advanced material technologies across critical infrastructure markets, will integrate AmerCable into its portfolio, potentially enhancing its offerings in transportation, telecommunications, water management, and energy sectors. The divestiture is part of Nexans' broader strategy to lead in sustainable and accessible electrification, aiming for net-zero emissions by 2050.
Sectors
- Electrification Technologies
- Advanced Materials Technology
Geography
- France – Nexans is headquartered in France and this is relevant to the strategic initiatives in the electrification market.
- United States – AmerCable is a major producer of cables in the United States, significant to the transaction details.
Industry
- Electrification Technologies – Nexans is focusing on the electrification sector, aiming to streamline its operations and concentrate on electric transmission systems and services.
- Advanced Materials Technology – Mattr operates in the advanced materials technology sector, providing solutions for critical infrastructures such as transportation and energy.
Financials
- 280 million USD – The enterprise value for the sale of AmerCable to Mattr.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Nexans | Selling Company | Company | A key electrification player focusing on electrifying the future with cable systems and services. |
| Mattr | Bidding Company/Buyer | Company | A global enterprise specialized in advanced materials technology for critical infrastructure markets. |
| AmerCable | Target Company | Company | A leading producer of electric power, control, and instrumentation cables for harsh environments. |