Prysmian Group

Prysmian Group enhances flexible ribbon technology

Prysmian Group recently rolled out two enhancements to its line of FlexRibbon products. This new line, which feature MassLink with FlexRibbon technology, is designed to support large-scale data centres operated by major companies worldwide.

Prysmian implements new organisation for General Cable integration

Having now completed its acquisition of General Cable, Prysmian Group is launching a new organisation to begin the company’s integration.

Prysmian described the newly created group as a ‘world leader in the energy and telecom cable systems industry.’ It has global headquarters in Milan and reported sales of more than €11 billion (pro-forma as of 31 December 2017). There are approximately 30,000 employees across 112 plants and 25 research and development centres in more than 50 countries.

Prysmian Group closes General Cable acquisition

Prysmian Group has now completed its acquisition of General Cable, the company has announced. Prysmian Group signed the definitive agreement to acquire General Cable at the end of last year in a deal that valued the latter at $3 billion, including debt and certain liabilities.

Prysmian to acquire General Cable for $3B in cash

The world’s largest cable systems company will become even larger when Prysmian Group completes its planned acquisition of General Cable, announced this week.

Prysmian Group has signed a definitive agreement to acquire General Cable for $30 per share in cash, in a deal that values General Cable at $3 billion, including debt and certain liabilities. The transaction, which has already been approved by the boards of both parties, is expected to close by the third quarter of 2018.

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