Prysmian targets €4 billion acquisition as M&A strategy resumes
Updated
Updated · Bloomberg · May 5
Prysmian targets €4 billion acquisition as M&A strategy resumes
5 articles · Updated · Bloomberg · May 5
CEO Massimo Battaini said the Italian cable maker is scouting for a deal comparable to 2024's Encore Wire purchase, with about $4.68 billion enterprise value.
Battaini said Prysmian now has the financial strength to restart acquisitions and expects to announce attractive opportunities within the next 12 months.
The comments came as Prysmian said deals with hyperscalers are nearing, signalling expansion ambitions alongside rising demand tied to data centres and power infrastructure.
With a $4B war chest, will Prysmian acquire a data center player or double down on renewable energy infrastructure?
As copper prices soar, could Prysmian's next mega-deal become a high-risk gamble on volatile commodity markets?