Schneider Electric has acquired Nexans for an undisclosed amount, marking a significant consolidation in the energy and electrification sectors. Nexans, a global leader in the design and manufacturing of cable systems and services, has played a crucial role in the electrification of the planet for over a century, with a strong commitment to electrifying the future.
With approximately 28,500 people across 41 countries, Nexans generated €7.1 billion in standard sales in 2024. The company specializes in four main business areas: PWR-Transmission, PWR-Grid, PWR-Connect, and Industry & Solutions, all focused on paving the way to safe, sustainable, and decarbonized electricity accessible to everyone. Nexans is also recognized for its strong sustainability commitments, including a Net-Zero emissions target by 2050 aligned with the Science Based Targets initiative (SBTi), and its Foundation supporting access to energy for disadvantaged communities.
This acquisition is strategically significant for Schneider Electric, a global specialist in energy management and automation. Integrating Nexans' extensive expertise in cable systems and electrification infrastructure is expected to enhance Schneider Electric's comprehensive portfolio of digital solutions for efficiency and sustainability. The move will likely strengthen Schneider Electric's capabilities in delivering end-to-end solutions for grid modernization, renewable energy integration, and industrial electrification.
Expected synergies include the ability to offer more integrated and robust solutions for customers navigating the energy transition. By combining Nexans' foundational cable technologies with Schneider Electric's advanced energy management and automation platforms, the combined entity aims to accelerate the deployment of sustainable and decarbonized electricity solutions globally. This integration is poised to create a more comprehensive offering for critical infrastructure and industrial applications.
The combined strengths of Schneider Electric and Nexans are anticipated to drive innovation and expand market reach, further solidifying their collective position in shaping a sustainable and electrified future.