finance
Nexans Announces Agreement to Acquire Republic Wire in the United States
Nexans has signed an agreement to acquire 100% of Republic Wire, an American manufacturer of low-voltage wire products. The deal aims to expand Nexans' presence in the U.S. market. The transaction is expected to close in the third quarter of 2026, subject to regulatory approvals.
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, a manufacturer of low-voltage copper and aluminum wire products based in Cincinnati, Ohio. Founded in 1982, Republic Wire serves electrical wholesale distributors, utilities, and municipalities in the United States and Canada. The company reported approximately €520 million in current revenue.
Republic Wire operates a 32,500 square meter manufacturing facility with automation and a 30,000 square meter warehouse and distribution center.
The acquisition targets the U.S. market for low- and medium-voltage cables, estimated at about €12 billion. Demand in the low-voltage segment comes from residential, commercial, and data center sectors. Nexans stated the purchase will integrate Republic Wire's sales network and operations with its existing North American activities.
The transaction will be funded through debt and existing cash. Nexans expects its net leverage to increase to about 1.2 times net debt to 2025 adjusted EBITDA on a pro forma basis, then decrease below 1.0 times by the end of 2028.
The deal is projected to be accretive to earnings per share immediately, before synergies. Synergies are anticipated to reach €23 million annually within three years, with half achieved in the first year. Implementation costs are estimated at €23 million.
After closing, Republic Wire's management team will continue leading the business, supported by an earn-out structure. Nexans plans to keep operations at the existing Ohio facilities and use the combined platform for its U.S. activities.
The transaction is set to close early in the third quarter of 2026, pending regulatory approvals and customary conditions. PJT Partners acted as financial advisor to Nexans, and White & Case LLP served as legal advisor. Nexans is listed on Euronext Paris and focuses on cable manufacturing.
