Prysmian Explores Potential 4 Billion Euro Acquisition
CEO Massimo Battaini says the cable maker has the financial strength to resume its M&A strategy. Shares rose to a record high on Tuesday as deals are explored.
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PRYSMIAN SPA is exploring acquisitions with an enterprise value of approximately €4 billion ($4.68 billion) to resume its global expansion strategy. CEO Massimo Battaini said the Italy-based firm could announce deals comparable to its 2024 Encore Wire purchase within 12 months. These acquisitions and new hyperscaler contracts may lead Prysmian to raise its 2026 adjusted EBITDA guidance.
