Nexans announces an agreement to acquire 100% of Republic Wire, an American manufacturer of low-voltage copper and aluminum wire products, headquartered in Cincinnati, Ohio.
Republic Wire, a family-owned company in the low-voltage cable systems market, has achieved a current turnover of around 520 million euros over 12 months and employs over 200 highly skilled employees.
The acquisition of Republic Wire is a significant step in Nexans’ strategy to expand its geographical footprint in the United States, one of the most dynamic markets in the world for low and medium voltage cables.
The American low-voltage industry, estimated at around 12 billion euros, is mainly driven by strong demand in the residential and commercial sectors as well as the expansion of data centers.
The transaction has a total enterprise value of around 680 million euros with an additional price supplement of up to 43 million euros payable in 2028 based on performance until the end of 2027.
The operation is expected to be immediately earnings accretive before synergies, which are expected to reach full capacity within three years, amounting to around 23 million euros. Implementation costs are estimated at around 23 million euros.
The transaction will be financed through a combination of debt and cash available on the balance sheet. It is expected to close in the beginning of the third quarter of 2026, subject to regulatory approvals and other customary conditions.
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