ENGINEERINGNET.EU -- Nexans, a French cable expert with worldwide operations, has acquire the US based company AmerCable Holdings for €211m.
AmerCable employs approximately 400 associates and manufactures highly engineered and mission critical cables for harsh environments, specifically for the mining, oil and gas (onshore and offshore) and renewable energy industries.
AmerCable also provides a range of unique engineering field and support services into these industries.
In addition to a leading position in North America where it makes 77% of its US$270m sales, AmerCable has growing operations in China, Latin America and Australia.
AmerCable's business complements Nexans' existing operations in resource cables, 'providing a new strategic and operational platform in North America', states Nexans in an official press release.
BACKGROUNDER
With energy as the basis of its development, Nexans, worldwide expert in the cable industry, offers an extensive range of cables and cabling systems. The Group is a global player in the infrastructure, industry, building and Local Area Network markets. With an industrial presence in 40 countries and commercial activities worldwide, Nexans employs 24,500 people and had sales in 2011 of 7 billion euros.
