Nexans completes Centesla acquisition to support electrification in Latin AmericaApr 3, 2022
Paris, France, April 1, 2022 – Nexans announces today the successful completion of its acquisition of Centelsa, a premium cable manufacturer in Latin America specializing in building and utilities applications, from Xignux S.A. (headquartered in Mexico) following receipt of regulatory clearance.
This transaction completes an additional milestone of Nexans’ strategy to become a Pure Electrification Player focusing on the overall value chain originating in generation, and flowing through transmission, distribution, and usage of sustainable energy.
With a total turnover1 of more than US$ 339 million in 2021, Centelsa’s three manufacturing plants in Cali, Colombia and their distribution center in Ecuador will complement Nexans’ presence in Latin America. Nexans already operates four industrial plants in Colombia, Peru, Chile and Brazil and employs 1,300 people. Nexans regional headquarters will be now located in Cali.
Nexans and Centelsa share a culture that emphasizes premium customer service and experience. Their collective histories as pioneers in sustainable technologies combined with their experience in electrification will benefit customers with enhanced solutions. The Group will also be able to build for its customers and partners a unique premium brand in the distribution and usage markets, while accelerating the development of a renewable energy offering across the region.
Nexans will foster its Amplify program for innovation with the creation of a Design Lab in Cali, Colombia. This will include a fully dedicated team to enhance innovation based on Latin American customer experience and needs.
Christopher Guérin, Chief Executive Officer of Nexans said: “The acquisition of Centelsa is fully aligned with the Group's strategic ambition to become a Pure Player in Electrification. I am delighted that we can now welcome the teams of Centelsa to Nexans. Combining the strengths of two world-class teams will allow us to seize the exciting opportunities that lie ahead in sustainable electrification in the Latin American region.”
Sergio Valdés, Chief Executive Officer of Viakable, a Xignux company, emphasized: “In our history together with the Centelsa team we have made great achievements. We worked together with professionalism and dedication, providing high value to our customers. I am convinced that, together with Nexans, Centelsa’s team will continue to be a key player in the industry, providing growth to its people and customers”.
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