Prysmian completes acquisition of Atkore

Bitget2026/10/19 12:48

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Prysmian completed its Atkore acquisition on October 19, 2026, with full financial consolidation starting in November 2026.
The cash purchase of all outstanding common shares at $95 per share implies an enterprise value of about $3.8 billion.
The deal expands the buyer’s U.S. electrical infrastructure offering, strengthening its position in data centers, utilities and commercial infrastructure.
Expected annual pretax synergies total about $150 million within three years of closing.
EPS accretion is expected in the high single digits in the first full year before synergies, reaching double digits with full synergies.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Prysmian S.p.A. published the original content used to generate this news brief on October 19, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Prysmian completes acquisition of Atkore

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