Nexans completed the acquisition of Centelsa from Xignux for $225m deal.

Nexans, a company in the cable and optical fiber industry, completed the acquisition of Centelsa, a cable maker, from Xignux, a company dedicated to the energy and food industries, for $225m deal. “Centelsa acquisition is fully aligned with the Group’s strategic ambition to become a Pure Electrification Player and it enhances Nexans commitment to electrify the world. This world class, iconic South American operation further contributes to Nexans ability to serve renewable projects in the Andean Region and enhances the group capacity in our Building and Energy Distribution activity. This combination will be the stepstone to grow our ‘best-in-class’ solutions and unique premium brand," Christopher Guérin, Nexans CEO. On March 21, 2022, Nexans receives approval from $225m acquisition of Centelsa.