Nexans, a global leader in energy transition solutions, has signed an agreement to acquire 100 percent of the share capital of Electro Cables Inc., a Canadian company specializing in low-voltage cable systems. Electro Cables, founded in 1985 and headquartered in Trenton, Ontario, operates two industrial sites and employs approximately 200 people. The company reported sales of around €125 million (approximately C$182 million, based on an exchange rate of 1 EUR = 1.46 CAD at the time of the announcement) for the twelve months ending July 2025. This acquisition is fully financed in cash and is expected to be accretive to Nexans’ earnings per share from the first year. The transaction will enhance Nexans’ portfolio in Canada, especially in the PWR-Connect segment, and is anticipated to generate valuable synergies through Nexans’ SHIFT program and expanded local presence. The deal is subject to Canadian regulatory approvals and other customary closing conditions, with completion expected in the first half of 2026. Both companies will continue to operate independently until closing.