Nexans Expands Electrification Portfolio with Cables RCT Acquisition
Nexans is taking significant steps to bolster its electrification offerings by acquiring Cables RCT, a prominent producer of low-voltage cables.
About Cables RCT
Cables RCT, renowned for its high-quality craftsmanship in Spain, is an established name in the manufacturing of low-voltage cables. The company boasts advanced facilities and a strong reputation across Southern Europe, along with valuable expertise in fire safety solutions designed specifically for buildings.
Strategic Significance of the Acquisition
This acquisition is a key milestone in Nexans’ strategy to enhance its presence in vital markets. By integrating Cables RCT into its portfolio, Nexans aims to expand its capabilities and accelerate growth across core sectors.
Overview of Cables RCT's Operations
Founded in 1965, Cables RCT has recorded revenues of 133 million euros, employing around 175 people. The company's advanced cable production facility is located in Zaragoza, complemented by logistical and operational hubs in major cities like Barcelona, Madrid, Sevilla, and Valencia. This strong infrastructure supports its operations in over 30 countries, emphasizing the company's impact and reach.
Future Production Plans
Cables RCT is on the verge of commissioning a significant capital expenditure program designed to elevate production capacity by over 25%. This initiative highlights the company’s commitment to adapting to increasing market demand for advanced fire safety cables, ensuring a robust response to evolving regulatory and technological standards.
Complementary Strengths
The combination of Nexans and Cables RCT is not just about expansion; it’s about synergistic growth. This merger promises the enhancement of Nexans’ operational efficiencies, an expanded product line, and a focus on innovation within the electrification sector.
Leadership Perspectives
Christopher Guérin, CEO of Nexans, commented, “The acquisition of Cables RCT marks a decisive step towards achieving our vision of becoming a prominent player in Electrification. We are excited to welcome the talented team from Cables RCT to our family and look forward to collaborating to generate significant value.”
Gonzalo Mateos Tobajas, CEO of Cables RCT, added, “Joining Nexans is a moment of pride for us, aligning our core values and vision for future growth. This partnership will empower us to meet the rising demands in electrification with increased efficiency.”
The Company’s Legacy and Future Goals
Nexans, with its extensive history of over a century in electrification, is a leader in the energy transition space. With a workforce of about 28,500 across 41 countries, Nexans plays a pivotal role in advancing a sustainable future where electricity is both safe and accessible. In 2024, the company reported standard sales of €7.1 billion, demonstrating its industry prowess in designing and manufacturing cable systems.
The company has a significant commitment to promoting sustainable initiatives, supporting energy access for underserved communities globally. Under its pledge for climate action, Nexans is on track to achieve net-zero emissions by 2050, in line with the Science Based Targets initiative (SBTi).
Contact Information
For investor relations inquiries, please contact Audrey Bourgeois at Tel.: +33 (0)1 78 15 00 43 or via email at audrey.bourgeois@nexans.com.
For communications, reach out to Mael Evin at Tel.: +33 (0)6 44 12 14 91 or via email at nexans_h@havas.com.
Olivier Daban is also available for inquiries through email at Olivier.daban@nexans.com.
Frequently Asked Questions
What is the significance of Nexans acquiring Cables RCT?
The acquisition strengthens Nexans' portfolio in the electrification sector, enhances production capabilities, and expands its market reach in Europe.
When was Cables RCT founded?
Cables RCT has been in operation since 1965, establishing a strong presence in cable production in Spain.
What kind of products does Cables RCT specialize in?
Cables RCT specializes in low-voltage cables, particularly those focused on fire safety solutions for buildings.
How might this acquisition impact Nexans' market position?
The acquisition is expected to accelerate Nexans' growth and innovation efforts, solidifying its position as a key player in electrification.
What goals does Nexans have for the future?
Nexans aims for net-zero emissions by 2050 and continues to support sustainable initiatives globally to make electricity accessible for all.
