en.Wedoany.com Reported - Nexans has announced the acquisition of all equity interests in Republic Wire, thereby expanding its business coverage in the U.S. low-voltage cable market.

Headquartered in Cincinnati, Ohio, Republic Wire specializes in low-voltage copper and aluminum wire products, serving distributors, utility companies, and municipal agencies across the United States and Canada. Founded in 1982, this family-owned business generated revenue of approximately €520 million in the 12 months ending February 2026. The company recently completed a major expansion project, which is expected to increase production capacity by about 30% by the end of 2026.

Nexans stated that this acquisition will strengthen its existing presence in North America and establish a platform for subsequent growth in sectors such as residential construction, commercial development, and data centers. The transaction has an enterprise value of approximately €680 million, with an additional contingent consideration of up to €43 million tied to future performance. The deal is expected to close in the third quarter of 2026, subject to regulatory approvals and customary closing conditions.

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