Nexans has announced it has completed the purchase of the Quinte West-based company, Electro Cables.
According to Nexans, the acquisition fully aligns with its strategy to focus on electrification, strengthen their portfolio in Canada and reinforce the company’s presence in a fast-growing market.
Nexans is a global company in the cable and optic fibre industry that focuses on designing and manufacturing advanced cable systems and electrification solutions.
Electro Cables manufactures a range of electrical and electronic cable products, with its headquarters based in Trenton.
There are 200 employees and there is no indication to suggest that any job losses are anticipated at this time.
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Gord Davis, Electro Cables’ CEO 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.“
Julien Hueber, Nexans’ CEO 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.”
