Nexans: acquires La Triveneta Cavi

(CercleFinance.com) - Nexans announces that it has completed the acquisition of La Triveneta Cavi (sales>E800m, 700 employees), an Italian company dubbed European leader in the medium- and low-voltage cable sector.


This acquisition marks an important step in Nexans' strategic transformation into a specialised player in electrification.

Present in 30 countries, Triveneta Cavi mainly produces low-voltage cables for various sectors, including building, infrastructure and renewable energies.

The acquisition has an enterprise value of around E520m.


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