Nexans Begins Negotiations With Syntagma Capital for Telecom and Data Sale
Nexansย (official site)ย announced that it has entered exclusive negotiations withย Syntagma Capital, a Belgium-based private equity firm, for theย Nexans Syntagma Capital telecom sale. The deal supports Nexansโ strategic decision to simplify its business and focus growth on electrification markets worldwide.
Nexans Syntagma Capital Telecom Sale Aligns With Long-Term Strategy
According toย Nexans, this planned transaction marks its full exit from the telecom and data segment. The company continues to redirect resources toward the rapidly expandingย electrification sector, which remains central to its global growth strategy.
The deal is expected to close by theย end of the first half of 2023, marking an important step in Nexansโ transformation journey.
Global Operations Included in the Nexans Syntagma Capital Telecom Sale
The transaction will includeย eight international sitesย acrossย France, Belgium, Germany, Greece, Morocco, China,ย andย Singapore. These centers design, produce, and marketย telecom network,ย LAN, andย data centerย solutions. Together, they form the final major part of Nexansโ Telecom & Data division, following the earlier sale ofย Berk-Tekย in 2020.
Nexans Strengthens its Electrification Focus
In the companyโsย 2022 Annual Report,ย CEO Christopher Guรฉrinย highlighted that strong financial results confirm the companyโs decision to focus on electrification. โOur Electrification division grew 12.9% organically, supported by record EBITDA performance and record generation and transmission backlogs,โ Guรฉrin explained.
This strategic clarity continues to improve Nexansโ market position and long-term profitability.
Positive Outlook From Global Ratings
S&P Global Ratingsย recently upgraded Nexansโ outlook fromย stableย toย positive, citing improvements from its transformation plan and emphasis on electrification. The firm noted stronger cash flow performance and more consistent earnings trends as Nexans continues to optimize its business model.
Syntagma Capital Expands Its Investment Portfolio
Syntagma Capitalย (official site)ย has a strong record of helping industrial businesses grow through operational excellence. Founded inย 2009, it has invested overย โฌ1.1 billionย in more thanย 40 companiesย worldwide, employingย 11,000+ people.
The firmโs portfolio includes carve-outs and acquisitions from major corporations such asย Solvay,ย Ashland,ย Clariant,ย Tyco International, andย ADT, reflecting its expertise in complex industrial transitions.
