Nexans announces the business separation of its specialty industrial cable operations, now Lynxeo

Nexans announces the business separation of its specialty industrial cable operations, now Lynxeo   _PRESS RELEASE_ 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...

Paris La Défense Cedex, 06/11/2024 (informazione.it - comunicati stampa - scienza e tecnologia)

 

– Nexans continues to deliver on its Electrify the Future strategy and announces today the business separation of its specialty industrial cable operations formerly Nexans Industry Solutions & Projects now named Lynxeo, part of the Nexans group.
With 2,000 employees in 9 countries and annual standard sales of over 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. With a heritage of than 100 years serving industrial champions, Lynxeo boasts a global manufacturing presence in Europe Asia, and the United States of America.

Today's business separation provides increased clarity in the market outlook and it is a recognition of the commitment of Lynxeo's employees, as well as their ability to innovate and provide high value-added services. Lynxeo as a strategic partner to its clients will continue to support them with critical application products for the great challenges in fields ranging from rolling stock and railway infrastructure to automation, aerospace, shipbuilding, renewable and non-carbon energies, as well as the healthcare sector.

Juan Ignacio Eyzaguirre, General Manager of Lynxeo, emphasized: “ .”

Christopher Guérin, CEO of Nexans, added: .”

For over a century, Nexans has played a crucial role in the electrification of the planet and is committed to electrifying the future. With approximately 28,500 people in 41 countries, the Group is paving the way to a new world of safe, sustainable and decarbonized electricity that is accessible to everyone. In 2023, Nexans generated 6.5 billion euros in standard sales. The Group is a leader in the design and manufacturing of cable systems and services across four main business areas: Power Generation & Transmission, Distribution, Usage and Industry & Solutions. Nexans was the first company in its industry to create a Foundation supporting sustainable initiatives, bringing access to energy to disadvantaged communities worldwide. The Group is recognized on the CDP Climate Change A List as a global leader on climate action and has committed to Net-Zero emissions by 2050 aligned with the Science Based Targets initiative (SBTi).

Nexans.

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