Nexans divests AmerCable to Mattr for $280 million

French cable manufacturer Nexans has completed the sale of AmerCable, a specialist in electrical power, control, and instrumentation cables, to Mattr for $280 million.  The move aligns with Nexans’ focus on its core electrification business, allowing it to concentrate on key market segments.  The agreement, finalized in November 2024, values AmerCable at around five times its adjusted EBITDA for the 12 months ending June 2024. AmerCable will now be part of Mattr’s connection technologies segment,…