Nexans Begins Negotiations With Syntagma Capital for Telecom and Data Sale
Nexans (official site) announced that it has entered exclusive negotiations with Syntagma Capital, a Belgium-based private equity firm, for the Nexans Syntagma Capital telecom sale. The deal supports Nexans’ strategic decision to simplify its business and focus growth on electrification markets worldwide.
Nexans Syntagma Capital Telecom Sale Aligns With Long-Term Strategy
According to Nexans, this planned transaction marks its full exit from the telecom and data segment. The company continues to redirect resources toward the rapidly expanding electrification sector, which remains central to its global growth strategy.
The deal is expected to close by the end of the first half of 2023, marking an important step in Nexans’ transformation journey.
Global Operations Included in the Nexans Syntagma Capital Telecom Sale
The transaction will include eight international sites across France, Belgium, Germany, Greece, Morocco, China, and Singapore. These centers design, produce, and market telecom network, LAN, and data center solutions. Together, they form the final major part of Nexans’ Telecom & Data division, following the earlier sale of Berk-Tek in 2020.
Nexans Strengthens its Electrification Focus
In the company’s 2022 Annual Report, CEO Christopher Guérin highlighted that strong financial results confirm the company’s decision to focus on electrification. “Our Electrification division grew 12.9% organically, supported by record EBITDA performance and record generation and transmission backlogs,” Guérin explained.
This strategic clarity continues to improve Nexans’ market position and long-term profitability.
Positive Outlook From Global Ratings
S&P Global Ratings recently upgraded Nexans’ outlook from stable to 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 Capital (official site) has a strong record of helping industrial businesses grow through operational excellence. Founded in 2009, it has invested over €1.1 billion in more than 40 companies worldwide, employing 11,000+ people.
The firm’s portfolio includes carve-outs and acquisitions from major corporations such as Solvay, Ashland, Clariant, Tyco International, and ADT, reflecting its expertise in complex industrial transitions.
