Nexans acquires BE CableCon to diversify business

15 January 2018 (Last Updated January 15th, 2018 09:38)

French optical fibre cable products manufacturer Nexans has acquired a controlling stake in BE CableCon, a Danish cable kits supplier.

French optical fibre cable products manufacturer Nexans has acquired a controlling stake in BE CableCon, a Danish cable kits supplier.

The acquisition is consistent with Nexans’ Paced for Growth strategy of reinforcing its portfolio of activities and accelerating growth in the renewable energy segment.

The strategy focuses on widening the company’s business scope to provide customers with complete, fully-integrated cable services.

Nexans industry solutions and projects vice-president Alain Robic said: “We have developed an excellent working relationship with BE CableCon as a subcontractor for our own kitting projects.

“[The Paced for Growth] strategy focuses on widening the company’s business scope to provide customers with complete, fully-integrated cable services.”

“Bringing them into the Nexans Group is a key step in our strategy to take greater control of critical elements within the value chain so that we can offer customers a complete engineered connection system.

“In addition to wind turbines, we will now be able to develop new growth opportunities for cable-kitting solutions in other industry segments.”

Founded in 2007, BE CableCon is engaged in the design, engineering and manufacture of cable kits. Wind turbine companies can use the kits to simplify the installation of power, control and communication cable systems within their towers and nacelles.

BE CableCon CEO Klaus Moller said: “Joining the Nexans Group with its expertise in cable production and global footprint will provide the ideal platform to take our business to the next level.

“We look forward to expanding beyond Northern Europe to work with global original equipment manufacturers (OEM) as well as addressing new markets in the North American and Asia-Pacific (APAC) regions.”

The company’s product offering includes connectors, pre-connected and pre-assembled cable kits, and customised packing for complete ready-to-install kits.