Mattr Completes Acquisition of AmerCable, Establishing US Wire and Cable Manufacturing Footprint
Mattr Corp. (TSX: MATR) has completed its acquisition of AmerCable Incorporated from Nexans USA Inc. for US$280 million. The acquisition integrates AmerCable into Mattr's Connection Technologies reporting segment, establishing Mattr's presence in US wire and cable manufacturing.
AmerCable specializes in manufacturing highly engineered low and medium voltage electrical power, control, and instrumentation cables for harsh environments. The company serves critical infrastructure sectors, including mineral extraction, renewable power generation, general industrial, and energy markets.
The acquisition expands Mattr's existing Shawflex branded products portfolio, strengthening its position as a premier provider of engineered wire and cable technologies across North America. Mattr operates through two business segments: Composite Technologies and Connection Technologies, focusing on critical infrastructure markets including transportation, communication, water management, energy, and electrification.
Mattr Corp. (TSX: MATR) ha completato l'acquisizione di AmerCable Incorporated da Nexans USA Inc. per un importo di 280 milioni di dollari USA. L'acquisizione integra AmerCable nel segmento di reporting delle Tecnologie di Connessione di Mattr, stabilendo la presenza di Mattr nella produzione di fili e cavi negli Stati Uniti.
AmerCable si specializza nella produzione di cavi elettrici di alta ingegnerizzazione a bassa e media tensione, cavi di controllo e di strumentazione per ambienti difficili. L'azienda serve settori cruciali per le infrastrutture, inclusi l'estrazione mineraria, la generazione di energia rinnovabile, l'industria generale e i mercati energetici.
L'acquisizione amplia il portafoglio di prodotti a marchio Shawflex già esistente di Mattr, rafforzando la sua posizione come fornitore di tecnologie di cavi e fili ingegnerizzati di alto livello in Nord America. Mattr opera attraverso due segmenti aziendali: Tecnologie Compositi e Tecnologie di Connessione, concentrandosi su mercati infrastrutturali critici, tra cui trasporti, comunicazioni, gestione dell'acqua, energia ed elettrificazione.
Mattr Corp. (TSX: MATR) ha completado su adquisición de AmerCable Incorporated de Nexans USA Inc. por un monto de 280 millones de dólares estadounidenses. La adquisición integra a AmerCable en el segmento de informes de Tecnologías de Conexión de Mattr, estableciendo la presencia de Mattr en la fabricación de cables y alambres en EE. UU.
AmerCable se especializa en la fabricación de cables eléctricos de baja y media tensión, cables de control e instrumentación altamente diseñados para entornos difíciles. La empresa sirve a sectores críticos de infraestructura, incluidos la extracción de minerales, la generación de energía renovable, la industria en general y los mercados de energía.
La adquisición amplía la cartera de productos existentes de la marca Shawflex de Mattr, fortaleciendo su posición como proveedor principal de tecnologías de cables y alambres diseñados en América del Norte. Mattr opera a través de dos segmentos de negocio: Tecnologías Compuestas y Tecnologías de Conexión, enfocándose en mercados críticos de infraestructura que incluyen transporte, comunicación, gestión del agua, energía y electrificación.
Mattr Corp. (TSX: MATR)는 Nexans USA Inc.로부터 AmerCable Incorporated의 인수를 완료하였습니다. 인수가는 2억 8000만 달러입니다. 이 인수를 통해 AmerCable은 Mattr의 연결 기술 보고 부문에 통합되어 미국의 와이어 및 케이블 제조에서 Mattr의 입지를 강화하게 됩니다.
AmerCable은 열악한 환경에서 저전압 및 중전압 전력, 제어 및 계측 케이블을 전문적으로 제조하고 있습니다. 이 회사는 광물 추출, 재생 에너지 생산, 일반 산업 및 에너지 시장을 포함한 주요 인프라 분야에 서비스를 제공합니다.
이 인수는 Mattr의 기존 Shawflex 브랜드 제품 포트폴리오를 확장하여 북미에서 엔지니어링된 와이어 및 케이블 기술의 주요 공급자로서의 입지를 강화합니다. Mattr는 두 개의 사업 부문인 복합 기술 및 연결 기술을 통해 운영되며, 교통, 통신, 물 관리, 에너지 및 전력화와 같은 중요한 인프라 시장에 초점을 맞추고 있습니다.
Mattr Corp. (TSX: MATR) a finalisé l'acquisition de AmerCable Incorporated auprès de Nexans USA Inc. pour un montant de 280 millions de dollars US. Cette acquisition intègre AmerCable dans le segment des technologies de connexion de Mattr, établissant la présence de Mattr dans la fabrication de fils et câbles aux États-Unis.
AmerCable se spécialise dans la fabrication de câbles à basse et moyenne tension, de câbles de contrôle et d'instrumentation hautement spécialisés pour des environnements difficiles. L'entreprise sert des secteurs d'infrastructure critiques, notamment l'extraction minière, la production d'énergie renouvelable, l'industrie générale et les marchés de l'énergie.
Cette acquisition étend le portefeuille de produits existants de la marque Shawflex de Mattr, renforçant sa position en tant que fournisseur de premier plan de technologies de câbles et de fils techniques en Amérique du Nord. Mattr fonctionne à travers deux segments d'activité : Technologies Composites et Technologies de Connexion, avec un accent sur les marchés d'infrastructure critiques tels que le transport, la communication, la gestion de l'eau, l'énergie et l'électrification.
Mattr Corp. (TSX: MATR) hat die Akquisition von AmerCable Incorporated von Nexans USA Inc. für einen Betrag von 280 Millionen US-Dollar abgeschlossen. Die Akquisition integriert AmerCable in den Geschäftsbereich Verbindungstechnologien von Mattr und stärkt Mattrs Präsenz in der Kabel- und Drahtproduktion in den USA.
AmerCable ist auf die Herstellung von hochqualitativen Niederspannungs- und Mittelspannungskabeln, Steuer- und Instrumentierungskabeln für schwierige Umgebungen spezialisiert. Das Unternehmen bedient kritische Infrastruktursektoren, einschließlich Rohstoffförderung, erneuerbare Energie, allgemeine Industrie und Energiemärkte.
Die Akquisition erweitert das bestehende Produktportfolio der Marke Shawflex von Mattr und stärkt dessen Position als führenden Anbieter von technischen Draht- und Kabeltechnologien in Nordamerika. Mattr operiert in zwei Geschäftsbereichen: Composite Technologies und Connection Technologies, mit einem Fokus auf kritische Infrastruktursektoren wie Transport, Kommunikation, Wasserwirtschaft, Energie und Elektrifizierung.
- Strategic acquisition valued at US$280M expanding North American market presence
- Broadens product portfolio with complementary low and medium-voltage cable solutions
- Gains access to critical infrastructure sectors including renewable energy and mineral extraction
- Strengthens position in engineered wire and cable technologies market
- Significant cash outlay of US$280M for acquisition
TORONTO, Jan. 02, 2025 (GLOBE NEWSWIRE) -- Mattr Corp. (“Mattr” or the “Company”) (TSX: MATR) announced today that it has closed its previously announced acquisition of AmerCable Incorporated (“AmerCable”) [see press release], which now forms part of Mattr’s Connection Technologies reporting segment. Under the terms of the transaction, Mattr has acquired all of the outstanding shares of AmerCable from Nexans USA Inc. (“Nexans”) (EPA:NEX) for a purchase price of US
“The addition of AmerCable to our portfolio positions Mattr as a premier provider of highly engineered wire and cable technologies across the North American marketplace,” said Mike Reeves, Mattr’s President and CEO. “AmerCable’s broad portfolio of low and medium-voltage electrical power, control and instrumentation cable solutions expands and complements Mattr’s existing range of Shawflex branded products. We are excited to welcome the talented employees of AmerCable to the Mattr team.”
About AmerCable
AmerCable is a manufacturer of highly engineered, low and medium voltage electrical power, control and instrumentation cables designed to reliably enable electrification in harsh environments. AmerCable serves a broad customer base within the critical infrastructure sector, including the mineral extraction, renewable power generation, general industrial and energy end markets.
About Mattr
Mattr is a growth-oriented, global materials technology company broadly serving critical infrastructure markets, including transportation, communication, water management, energy and electrification. Its two business segments, Composite Technologies and Connection Technologies, enable responsible renewal and enhancement of critical infrastructure while lowering risk.
For further information, please contact
Meghan MacEachern
VP, External Communications & ESG
Telephone: 437.341.1848
Email: meghan.maceachern@mattr.com
Website: www.mattr.com
Source: Mattr Corp.
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