Nexans enters into exclusive negotiations with Syntagma Capital

Nexans has entered into exclusive negotiations with Syntagma Capital, a Belgium-based private equity fund, for the sale of its Telecom Systems activity. This proposed transaction marks Nexans’ exit from the telecom and data activity in line with its strategy to simplify its activities and amplify its impact in Electrification markets.

The Business operates primarily in the design, production and commercialization of advanced solutions for telecom, LAN networks as well as datacentres and constitutes the main remaining part of the Telecom & Data division after the sale of Berk-Tek in 2020. It employs around 680 people and has a turnover of around 200 million euros in aggregate.

JPMorgan European Discovery Trust plc (LON:JEDT) is an investment trust company. The Investment Trust JEDT objective is to achieve capital growth from a portfolio of quoted smaller companies in Europe, excluding the United Kingdom. 

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