Fincantieri completes Xtera acquisition via Prysmian-led joint venture
Bitget2026/10/13 16:14- Prysmian’s joint venture, 80% owned by Prysmian and 20% by Fincantieri, completed the acquisition of Xtera Topco.
- Xtera is a UK- and US-based provider of turnkey subsea telecommunications systems.
- The deal expands the Prysmian-Fincantieri partnership across subsea cable systems, optical engineering, and complex systems integration.
- Fincantieri is positioning itself for growth in subsea infrastructure tied to global connectivity, data centers, and AI-driven demand.
- The transaction is intended to broaden capabilities in subsea infrastructure development, monitoring, and protection.
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