Nexans Divests Specialty Cable Operations, Launches Lynxeo
Nexans Unveils Lynxeo: The New Era of Specialty Cables
Nexans has officially announced a dynamic development in its operations with the separation of its specialty industrial cable segment, now recognized as Lynxeo. This strategic move is designed to provide enhanced market clarity and to position Lynxeo as a robust entity in various critical infrastructure industries, such as railways, automation, shipbuilding, and healthcare.
A Strategic Shift for Nexans
This change is not merely cosmetic; it's part of Nexans' larger vision known as the "Electrify the Future" strategy, signaling its commitment to innovation and efficiency. By introducing Lynxeo, the company takes a significant step towards maximizing its operating effectiveness while serving a diverse clientele across multiple industries.
Lynxeo's Role in Modern Industry
Lynxeo is making waves in specialty industrial cables with a workforce of 2,000 employees spread across nine countries, generating over 700 million euros annually. Its historical legacy of over a century ensures that it stands out in providing critical products for various industrial challenges. The realignment will enable Lynxeo to focus on delivering high-value-added services that meet evolving market needs.
Commitment to Innovation
Juan Ignacio Eyzaguirre, General Manager of Lynxeo, underscored the company's dedication to technological advancement and customer satisfaction. He highlighted the incredible team spirit that drives the company to address the industries' future energy and industrial challenges. Lynxeo aims to remain a pivotal partner, delivering solutions in sectors like rolling stock, renewable energies, and healthcare.
Leadership Insights
Christopher Guérin, CEO of Nexans, celebrated this milestone in their strategic roadmap. He noted the simplification this shift brings in market positioning while keeping Nexans at the forefront of electrification. By nurturing Lynxeo, the goal is to ensure its growth while playing a crucial role in supporting climate initiatives and delivering on commitments to clients.
Nexans: A Legacy of Electrification
For over a century, Nexans has been at the forefront of electrifying the globe, fostering a sustainable and accessible electricity future. With around 28,500 employees in 41 countries, the group strives to lead in providing safe, sustainable, and decarbonized electricity, generating 6.5 billion euros in standard sales in recent years. Notably, Nexans has pioneered initiatives for sustainable energy access to disadvantaged communities globally.
Environmental Commitment
Recognized for its leadership in climate action, Nexans is proud to be featured on the CDP Climate Change A List. The company has committed to achieving Net-Zero emissions by 2050, aligning with the Science Based Targets initiative (SBTi). This commitment not only showcases Nexans' proactive approach to environmental responsibility but also reinforces the importance of electrification for a sustainable future.
Contact Information
Should you require further details, Nexans remains accessible to partners and stakeholders alike. The communications team can be contacted through:
Communication:
Mael Evin (Havas Paris)
Tel: +33 (0)6 44 12 14 91
Email: nexans_h@havas.com
Emmanuel Guinot
Email: emmanuel.guinot@nexans.com
Maëllys Leostic
Email: maellys.leostic@nexans.com
Investor Relations:
Elodie Robbe-Mouillot
Tel: +33 (0)1 78 15 03 87
Email: elodie.robbe-mouillot@nexans.com
Frequently Asked Questions
What is the significance of Lynxeo's establishment?
Lynxeo's establishment allows for a focused approach in serving critical infrastructure industries while enhancing the innovative capabilities of Nexans.
How does this separation affect Nexans' overall strategy?
The separation contributes to Nexans' "Electrify the Future" strategy by streamlining operations and positioning Lynxeo for growth as a specialty cable leader.
What industries will Lynxeo primarily serve?
Lynxeo will serve industries including railways, automation, aerospace, shipbuilding, renewable energy, and healthcare.
How many employees does Lynxeo have?
Lynxeo employs around 2,000 people across nine countries.
What is Nexans' commitment to sustainability?
Nexans commits to achieving Net-Zero emissions by 2050 and prioritizes sustainable energy access for disadvantaged communities worldwide.
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