Prysmian Group

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.

Prysmian Group

At this year’s OFC exhibition energy and telecom cable specialist Prysmian Group (booth 2647) will be showcasing its WideCap-OM5 multimode fibre for high-speed data communications and BendBrightXS 200µm optical fibre for high-density optical cables.

In addition, during the technical conference, Prysmian researchers will discuss how next-generation multimode fibres can be optimised to support WDM operations in data communications and space-division multiplexing operations in telecommunications to allow migration to higher bit rates and achieve higher capacity.

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