Nexans announces the business separation of its specialty industrial cable operations, now Lynxeo

Paris, November 6, 2024 – Nexans continues to deliver on its Electrify the Future strategy and announces today the business separation of its specialty industrial cable operations formerly Nexans Industry Solutions & Projects now named Lynxeo, part of the Nexans group.

With 2,000 employees in 9 countries and annual standard sales of over 700 million euros, Lynxeo is a powerhouse in specialty industrial cables. The move will allow Lynxeo to further enhance its role in critical industrial segments. With a heritage of than 100 years serving industrial champions, Lynxeo boasts a global manufacturing presence in Europe Asia, and the United States of America.

Lynxeo: a privileged partner for customers facing energy and industrial challenges

Today’s business separation provides increased clarity in the market outlook and it is a recognition of the commitment of Lynxeo’s employees, as well as their ability to innovate and provide high value-added services. Lynxeo as a strategic partner to its clients will continue to support them with critical application products for the great challenges in fields ranging from rolling stock and railway infrastructure to automation, aerospace, shipbuilding, renewable and non-carbon energies, as well as the healthcare sector.