Nexans buys Republic Wire as cable demand and AI grid needs grow - 28 April 2026

Prysmian Daily News Update · Apr 28, 2026 · 2m

As of April 28, today’s news is dominated by developments in the cable industry, particularly surrounding Nexans' recent acquisition and earnings report. Nexans’s shares surged by 8.19% following the announcement of its acquisition of Republic Wire, a U.S. company specializing in low-voltage aluminum and copper cables, and its first quarter results. Nexans reported first-quarter revenues of 1.5 billion euros, aligning with expectations, and confirmed its guidance for 2026. The Republic Wire acquisition, valued at approximately 680 million euros, is expected to enhance Nexans' long-term growth…