Date: 2026-11-12 hits: 102
Global subsea cable leader Prysmian has finalised the all-cash acquisition of Atkore. The deal was priced at USD 95 per share, valuing the company at USD 3.8 billion. Atkore is a leading US electrical infrastructure manufacturer, specialising in building wiring, cable trays, conduits, metal support systems and PV cable accessories. It owns mature North American distribution channels, UL certifications and local manufacturing facilities. Rationale: The acquisition aligns with the US Infrastructure Investment and Jobs Act and Buy America local procurement rules. Prysmian’s traditional strengths lie in EHV subsea cables and long-distance telecom cables. Atkore fills its portfolio with low-voltage building wires, power distribution accessories and data centre cabling packages, enabling integrated solutions including cables, conduits, trays and installation hardware for US utilities, commercial real estate and AI data centre clients. Industry impact: Market entry barriers in North America keep rising. Tenders increasingly favour locally certified products, local inventory and one-stop electrical packages. Pure cable exporters face fiercer competition.
