Nexans: sells AmerCable

(CercleFinance.com) - Nexans yesterday announced that it has sold AmerCable, a leading producer of power, control and instrumentation cables for hostile environments, to Mattr, for an enterprise value established at $280m.


The completion of this transaction marks another important step in its drive to refocus the group on electrification and simplify its portfolio, Nexans management said.

This divestment is in line with Nexans' long-term strategy and will enable the group to strengthen its focus on its core business of electrification, it said.


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