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Prysmian delivered record Q2 adjusted EBITDA, supported by strong Digital Solutions growth, improving margins, and continued operating leverage. The $3.8 billion Atkore acquisition strengthens Prysmian's US exposure and expands its positioning across data centers, utilities, renewables, and electrical infrastructure. We see further earnings upside from Atkore's EBITDA contribution, commercial and operational synergies, and Prysmian's strong underlying organic growth.
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.
HIGHLAND HEIGHTS, KY / ACCESS Newswire / August 12, 2026 / Prysmian, the leading provider of solutions for energy and digital connections, announces more than $1 billion investment into three U.S. sites in North Carolina, South Carolina, and Tennessee. This investment is part of Prysmian's global commitment to more than double domestic optical cable and fiber capacity - including the glass preforming stage - and create 600 manufacturing jobs in the United States.
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.
Atkore shareholders will receive $95 a share in cash.
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.
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.
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