Nexans, a leading French cable and optical fibre manufacturer, has recently announced its acquisition of La Triveneta Cavi, an esteemed Italian company renowned for its expertise in low-voltage wires. This strategic move signifies Nexans’ commitment to expanding its cable portfolio and reflects its anticipation of the burgeoning demand for fire safety cables; a segment predicted to witness significant growth in the coming years.
La Triveneta Cavi’s illustrious history of 1965 has firmly established itself as a critical player in the European medium and low-voltage cable market. Boasting an impressive workforce of 700 individuals and reporting revenues exceeding €800 million during 2023, La Triveneta Cavi’s acquisition presents Nexans with a lucrative opportunity to bolster its market presence and capitalise on the evolving needs of the industry.
One of the primary drivers behind this acquisition is the increasing demand for fire safety cables, which is expected to surge at a compound annual growth rate exceeding 13% between 2021 and 2030. This surge is attributed to a confluence of factors, including stringent safety regulations, escalating electricity requirements, and trends in construction and renovation projects. By integrating La Triveneta Cavi’s expertise in fire-retardant technology into its offerings, Nexans aims to position itself as a frontrunner in meeting the evolving safety standards across various markets worldwide.
Christopher Guérin, the CEO of Nexans, articulated the significance of this acquisition, emphasising its role in propelling Nexans towards its ambition of becoming a pure player in global electrification. Guérin highlighted Italy’s stature as the third-largest economy in the Eurozone and the second-largest manufacturing economy in Europe, underscoring the rich pool of talent and excellence in research and development that the country offers. Moreover, Guérin expressed his enthusiasm in welcoming La Triveneta Cavi’s workforce into the Nexans family, acknowledging their contributions to enriching Nexans’ product portfolio and accelerating the launch of sustainable offerings in high-demand markets.
Furthermore, this acquisition aligns seamlessly with Nexans’ recent endeavours, such as securing a substantial turnkey contract to build a section of the EuroAsia Interconnector. This interconnector project, poised to facilitate electricity transmission between Greece, Israel, Cyprus, and Europe, underscores Nexans’ commitment to advancing energy infrastructure on a global scale. With plans to increase the interconnector’s capacity to 2GW in its second stage, Nexans remains at the forefront of pioneering solutions to meet the energy demands of millions of households worldwide.
In conclusion, Nexans’ acquisition of La Triveneta Cavi marks a significant milestone in the company’s journey towards electrification excellence. By harnessing the synergies between their respective strengths, Nexans and La Triveneta Cavi are poised to redefine the landscape of the cable industry, driving innovation, sustainability, and safety across diverse markets. As Nexans continues to expand its global footprint and deliver cutting-edge solutions, the electrification revolution enters an exciting new chapter fueled by collaboration, vision, and a steadfast commitment to excellence.
Source : https://www.power-technology.com/news/nexans-acquire-la-triveneta-cavi/?cf-view