Prysmian acquires US-based Atkore in a deal worth 3.3 billion

Prysmian aims to become an integrated leader in electrical infrastructure solutions and, with this in mind, is acquiring the US-based company Atkor with an offer of $95 per share, representing a 23 per cent premium on the average price over the last three months. According to the terms of the deal, as stated in a press release, Atkor’s implied enterprise value is approximately $3.8 billion (€3.3 billion).

“Electrification, AI-driven data centres and digitalisation require substantial investment in infrastructure and are critical to the modern economy, representing a significant opportunity in the United States,” explains CEO Massimo Battaini. “As a leader in energy and digital connectivity solutions, our priority has been to identify the most suitable solution to further support our extraordinary growth and profitability, whilst strengthening our commercial platform and product portfolio. “Atkore offers an attractive combination of complementary products, exposure to structural growth trends and significant opportunities for synergies, and represents a decisive acceleration in Prysmian’s evolution towards a model as an integrated leader in electrical infrastructure solutions.”

In 2025, Atkore reported revenue of $2.85 billion and adjusted EBITDA of $386 million. It has 30 main sites, including production facilities and distribution centres, located mainly in North America, as well as in Australia, Belgium, New Zealand and the United Kingdom, and employs around 5,400 people worldwide. Prysmian expects the integration to “generate, once fully implemented, annual synergies of around 150 million in terms of EBITDA within three years of the transaction being finalised”.