Nexans completes acquisition of AmerCable Holdings Inc.
By Anthony Capkun
March 15, 2012 – Nexans, a global cable player, confirmed it has completed the acquisition of AmerCable, a North American producer of mining and oil & gas cables. AmerCable is also active in other industrial cable segments, including renewable energy.
The acquisition represents a major investment for Nexans in the mining, and oil & gas cable markets, says the company, adding that AmerCable’s business “complements Nexans’ existing operations in resource cables, providing a new strategic and operational platform in North America”.