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Prysmian to acquire Atkore for $3.8 billion

PRIVATEAug 11, 2026•about 2 hours ago

Acquiring Company

Prysmian

Acquired Company

Atkore

Mechanical Or Industrial EngineeringManufacturing

Description

Prysmian has agreed to acquire Atkore in an all cash transaction valued at approximately $3.8 billion. Shareholders of Atkore are set to receive $95.00 per share if the deal closes. This acquisition highlights Prysmian's commitment to expanding its capabilities in the energy and telecom sectors.

Company Information

Company

Prysmian

Location

6 Via Chiese

About

Prysmian S.p.A. is a global leader in the energy and telecom cable systems industry. It produces a wide range of cables for various applications, including power transmission and telecommunication. The company operates in more than 50 countries and has over 29,000 employees. Prysmian is listed on the Italian Stock Exchange under the ticker BIT:PRY.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

Frequently asked

Who acquired Atkore?

Atkore was acquired by Prysmian. The deal was reported on August 11, 2026. Prysmian S.p.A. is a global leader in the energy and telecom cable systems industry. It produces a wide range of cables for various applications, including power transmission and telecommunication. Prysmian is privately held and operates in Mechanical Or Industrial Engineering.

When did Prysmian acquire Atkore?

Prysmian's acquisition of Atkore was reported on August 11, 2026. Prysmian has agreed to acquire Atkore in an all cash transaction valued at approximately $3.8 billion. Shareholders of Atkore are set to receive $95.00 per share if the deal closes. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Atkore do?

Atkore is forging a future where our employees, customers, suppliers, shareholders and communities are building better together – a future focused on serving the customer and powering and protecting the world. It is publicly traded (ATKR), operating in Manufacturing.

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