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Prysmian S.p.A.
PRYMYIndustrialsOTCIT
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Italian cable maker Prysmian is exploring the market for a potential acquisition of about 4 billion euros ($4.68 billion) enterprise value, CEO Massimo Battaini told Bloomberg News in an interview published on Tuesday.
Prysmian S.p.A. (PRYMY) Q1 2026 Earnings Call Transcript
Prysmian stands as the world's largest electrical cable manufacturer, leading in submarine cable design, production, and installation. PRYMY's EBITDA is now triple that of its nearest competitor, Nexans, reflecting significant outperformance since its 2007 IPO. Owning the largest and most advanced cable-laying fleet, PRYMY holds a multi-year competitive edge, enabling pricing power amid surging demand from AI and hyperscalers.
New McKinney facilities combine scale, efficiency, and innovation to deliver among the most advanced wire and cable operations in the industry MCKINNEY, TX / ACCESS Newswire / April 13, 2026 / Prysmian | Encore Wire , a world leader in the energy transition and digital transformation, recently held a ribbon cutting ceremony to officially unveil its new 340,800 square-foot Copper Building Wire Plant and expanded Service Center in McKinney, Texas. Now the largest in the industry at one million square feet, the Service Center enhances the company's ability to deliver high-quality products with speed, precision, and efficiency.
A previous version of this release announced a promotion that has yet to take effect HIGHLAND HEIGHTS, KY / ACCESS Newswire / March 31, 2026 / Prysmian , a world leader in energy and data wire and cabling solutions, recently announced changes to its leadership structure in North America to further strengthen the company's market position in the region. 2025 marked the best year yet for Prysmian, with global revenues reaching €20 billion.
MONTREAL--(BUSINESS WIRE)--Rio Tinto and Prysmian have partnered on an industrial trial to produce low-carbon aluminium cables designed for the rapidly growing data centre market, combining leading-edge smelting and cable technologies to help customers reduce the carbon footprint of critical IT infrastructure. The trial saw Rio Tinto manufacture aluminium rod using a blend of low-carbon aluminium from Rio Tinto's hydropowered Alma smelter in Quebec, Canada, and aluminium produced using the ELYS.
HIGHLAND HEIGHTS, KY / ACCESS Newswire / March 12, 2026 / Prysmian recently took a step forward in the production of sustainably produced aluminum building wire in the United States, partnering with Rio Tinto to deliver product produced with ELYSIS™ aluminum. This innovation validates the use of ELYSIS™ aluminum in wire and cable production, enabling lower carbon emissions while supporting the company's broader ambition to accelerate sustainability across its global footprint.
