M&A Deal Summary

Mattr Infratech Acquires AmerCable

On November 8, 2024, Mattr Infratech acquired electrical equipment company AmerCable from Nexans for 280M USD

Acquisition Highlights
  • This is Mattr Infratech’s 1st transaction in the Electrical Equipment sector.
  • This is Mattr Infratech’s 2nd largest (disclosed) transaction.
  • This is Mattr Infratech’s 4th transaction in the United States.
  • This is Mattr Infratech’s 1st transaction in Arkansas.

M&A Deal Summary
Date 2024-11-08
Target AmerCable
Sector Electrical Equipment
Buyer(s) Mattr Infratech
Sellers(s) Nexans
Deal Type Divestiture
Deal Value 280M USD

Target

AmerCable

El Dorado, Arkansas, United States
AmerCable is a manufacturer of electrical power cables used in severe operating environments such as offshore drilling platforms and mines as well as specialized applications for automotive robotics and telecommunications. AmerCable was founded in 1899 and is based in El Dorado, Arkansas.

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Buyer(S) 1

Buyer

Mattr Infratech

Toronto, Ontario, Canada
Category Company
Sector Energy Services and Equipment
Employees5,938
Revenue 925M CAD (2023)
DESCRIPTION

Mattr Infratech is a growth-oriented, global energy services company that operates through eight divisions which focus on technology-based products and services for the pipeline and pipe services market and the petrochemical and industrial market with manufacturing and service facilities located in over fifteen countries around the world. Mattr Infratech is based in Toronto, Ontario.

DEAL STATS #
Overall 6 of 6
Sector (Electrical Equipment) 1 of 1
Type (Divestiture) 1 of 1
State (Arkansas) 1 of 1
Country (United States) 4 of 4
Year (2024) 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-16 Thermotite do Brasil

Serra, Brazil

Thermotite do Brasil is a specialized provider of thermal insulation pipe coating services for the offshore oil and gas industry. Thermotite do Brasil is based in Serra, Brazil.

Sell $18M

Seller(S) 1

SELLER

Nexans

Paris, France
Category Company
Founded 1994
Sector Manufacturing
Employees28,541
Revenue 7.8B EUR (2023)
DESCRIPTION

Nexans provides cables and cabling solutions for energy infrastructure, industry, and building markets worldwide. It operates through three segments: Transmission, Distribution, and Operators; Industry; and Distributors and Installers. Nexans was founded in 1994 and is based in Courbevoie, France.

DEAL STATS #
Overall 4 of 4
Sector (Electrical Equipment) 2 of 2
Type (Divestiture) 4 of 4
State (Arkansas) 1 of 1
Country (United States) 2 of 2
Year (2024) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-09 La Triveneta Cavi

Brendola, Italy

La Triveneta Cavi manufactures low-voltage cables for buildings, infrastructure, fire-retardant cable systems and renewable applications across 30 countries. La Triveneta Cavi was formed in 1965 and is based in Brendola Italy.

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