Nexans further enhances its portfolio in Electrification with the acquisition of Cables RCT in Spain

• Cables RCT is a high-quality, Spanish low-voltage cable producer, with state-of-the-art footprint in Southern Europe and outstanding expertise
• This acquisition represents an additional milestone in Nexans’ strategy to reinforce its footprint in key geographies

Madrid, June 2nd, 2025 — Nexans, a leader in the global energy transition, has completed today the acquisition of 100% of the share capital of Cables RCT. Based in Spain, Cables RCT offers an extensive copper low-voltage portfolio with a recognized outstanding expertise in flexible fire safety solutions for buildings. The company operates across 30 countries with a strong presence in Iberia.  This strategic acquisition reinforces Nexans’ commitment to expanding its capabilities in key geographies, by accelerating growth in core market verticals.

Founded in 1965, Cables RCT generated 133 million euros of revenues in 2024, employs approximately 175 people and operates one state-of-the-art cable production unit in Zaragoza, as well as logistic facilities in Barcelona, Madrid, Sevilla and Valencia. Furthermore, Cables RCT expects to fully commission within the next few weeks a significant CAPEX program that has been fully funded before the transaction date ; it aims at increasing its production capacity by 25%+ with a focus on fire safety offers to meet growing demand for safer and more sustainable solutions.

This acquisition further enhances Nexans’ footprint in Southern Europe with highly complementary assets as well as state-of-the-art production capabilities and a strong focus in innovative fire safety products. The move will accelerate Nexans’ profitable growth by enhancing efficiency, expanding its portfolio, and driving innovation in the region. Cables RCT’s experienced management team will  continue to drive future growth and to support Nexans in delivering the substantial deal synergies .

Nexans expects meaningful shareholder value creation through an appealing synergies case, fully leveraging Cables RCT’s recently upgraded industrial footprint while implementing Nexans’ proven proprietary programs, SHIFT.