Prysmian S.p.A.

2 months ago · reuters.com

Italian cable maker Prysmian said on Friday it had partnered ​with Rio Tinto to supply ‌electrical cables made with low-carbon aluminium for an Amazon data centre in ​Ohio.

2 months ago · seekingalpha.com

Prysmian is uniquely positioned to benefit from AI-driven data center and grid expansion, supplying both power and optical connectivity infrastructure. A strong backlog (€17B Transmission), a proprietary installation fleet, and high EBITDA margins (21.2% Transmission) support forward visibility and pricing power. Recent guidance upgrades—2026 adj. EBITDA midpoint of €2.85B and FCF of €1.70B reflect robust growth and reinvestment, excluding the pending Atkore acquisition.

3 months ago · marketbeat.com

Prysmian said its planned acquisition of Atkore NYSE: ATKR would expand its U.S. electrification portfolio beyond cables into installation components, positioning the combined company as a one-stop supplier for distributors, engineering firms and data-center customers.

3 months ago · wsj.com

Atkore shareholders will receive $95 a share in cash.

3 months ago · reuters.com

Italian cable maker Prysmian said on Monday it agreed to acquire U.S.-based electrical products ​maker Atkore for $95 per share in cash, giving ‌the company an implied enterprise value of around $3.8 billion.

3 months ago · reuters.com

Italian cable maker ​Prysmian is in advanced talks to ‌acquire U.S. electrical products maker Atkore , Bloomberg News reported on Sunday, citing people familiar with ​the matter.

4 months ago · wsj.com

The Italian cable maker said the 10-year agreement to supply Molex was one of a string of new deals with infrastructure providers.

4 months ago · reuters.com

Italian cable maker Prysmian said on Monday it had signed a long-term agreement worth up to €5.5 ​billion ($6.4 billion) with Molex, a Koch-owned electronics ​company, as it stepped up its push into ⁠the fast-growing data centre market.

4 months ago · seekingalpha.com

Prysmian is positioned to benefit from hyperscaler CAPEX growth, with Digital Solutions showing 9% organic growth and EBITDA margins at 20.6%. Management sees upside in earnings, margin expansion, and M&A firepower, supported by strong FCF and de-leveraging below 1x ND/EBITDA by 2026. Despite a higher valuation, we see upside to 2027 estimates. So, we remain buyers.