Cleary Gottlieb is representing Nexans in the divestment of its German rolling stock and wire harnesses business. The deal was signed on December 11, 2015, and closed on January 4, 2016.
Nexans, a long-term client of the firm in Paris and Brussels, is a leading global cable manufacturer headquartered in Paris, France. Its products include submarine cables, power distribution cables and cabling solutions for aircrafts, railroads, ships and infrastructure. The purchaser is Groupe Sirail, a French specialty manufacturer of rolling stock and wire harnesses.