Nexans Announces Business Separation of Specialty Industrial Cable Operations, Now Lynxeo

Press Release

The separation of Nexans’ specialty industrial cable operations marks a significant development for the company, with Lynxeo now taking the lead in serving critical infrastructure industries such as railways, automation, and healthcare. This strategic move will not only provide increased clarity in the market but also strengthen Lynxeo’s position as a fully integrated player.

Electrifying the Future

Paris, November 6, 2024 – Nexans has been steadfast in executing its Electrify the Future strategy, and the business separation of its specialty industrial cable operations is a testament to this commitment. Formerly known as Nexans Industry Solutions & Projects, Lynxeo, as part of the Nexans group, is poised to make a significant impact with its 2,000 employees across 9 countries and annual sales exceeding 700 million euros.

Lynxeo’s expertise in specialty industrial cables will allow it to play a vital role in various sectors, including railways, rolling stock, shipbuilding, wind energy, aerospace, and healthcare. With a focus on innovation and reliability, Lynxeo is well-positioned to meet the evolving needs of these critical industries.

Today’s announcement marks another important milestone in Nexans’ journey towards electrifying the future and reinforcing its position as a leader in the cable industry.

How this will affect me:

As a consumer, this separation may not have a direct impact on you. However, it signifies Nexans’ commitment to innovation and specialization in serving critical infrastructure industries, which could lead to advancements in technology and improved products in the future.

How this will affect the world:

The business separation of Nexans’ specialty industrial cable operations is a significant development in the global market. By strengthening Lynxeo’s role as a fully integrated player in critical infrastructure industries, this move could have a ripple effect on various sectors, leading to enhanced efficiency, reliability, and sustainability in key sectors such as railways, automation, and healthcare.

Conclusion:

With the separation of its specialty industrial cable operations and the establishment of Lynxeo as a powerhouse in the industry, Nexans is taking a strategic step towards enhancing its position as a leader in critical infrastructure segments. The continued execution of the Electrify the Future strategy demonstrates Nexans’ commitment to innovation and excellence, setting the stage for a more electrified and interconnected future.