Nexans to Acquire Centelsa, Expanding Its Latin American Operations

Nexans announced that it has signed a share purchase agreement with Xignux S.A. of Mexico to acquire Centelsa, a leading cable manufacturer in Latin America. The Nexans Centelsa Acquisition enhances Nexans’ position as a global leader in electrification and sustainable energy solutions.

Nexans Centelsa Acquisition Strengthens Electrification Strategy

According to the official announcement, Centelsa, headquartered in Cali, Colombia, produces high‑quality cables for building, utility, and industrial applications. Recognized as a “world‑class cable manufacturer,” Centelsa generates more than US$250 million in annual revenue and carries an enterprise value of US$225 million.

The closing, pending regulatory approval, is expected during the first half of 2022. Nexans CEO Christopher Guérin stated that the acquisition aligns perfectly with the company’s mission to become a pure electrification player. The move will also expand Nexans’ capacity to support renewable energy projects across the Andean region.

“The Centelsa team has shown unmatched professionalism for more than six decades,” said Sergio Valdes, CEO of Viakable‑Centelsa. “Together with Nexans, we are ready to lead the next phase of growth for our customers and employees. The future looks very promising.”

Centelsa’s Legacy and Industry Leadership

Centelsa traces its origins to 1955 when INCE Ltda (Industria Nacional de Conductores Eléctricos) began manufacturing low‑voltage magnet wire in Cali. Over several decades, the company grew through international partnerships and mergers.

• In 1961, it became Ceat General de Colombia S.A. through collaboration with General Cable Corporation (USA) and Ceat International (Italy).

• By 1980, Centelsa added a second plant, followed by a third in 1993.

• In 1994, Cables de Energía y Telecomunicaciones S.A. (CENTELSA) emerged from a merger of multiple Colombia‑based cable companies.

• In 2012, Centelsa joined Viakable, the cables division of Xignux, further integrating into an international industrial group.

Innovation and Global Reach

Today, Centelsa stands as Colombia’s first and most recognized cable manufacturer. The company supplies premium‑grade cable solutions across national and international markets and maintains a wide distribution network to ensure reliable service to customers worldwide.

Over the years, Centelsa has earned multiple awards and industry certifications, solidifying its position as a trusted partner in energy distribution and infrastructure projects throughout Latin America.

Author: WJI staff and wire services