Prysmian Bets On Electrification, AI Infrastructure With Atkore Buyout

Prysmian expects the $3.8 billion Atkore acquisition to generate $150 million in annual pre-tax synergies within three years while boosting long-term earnings. Italian cable manufacturer Prysmian has signed a definitive agreement to acquire U.S.-based electrical products company Atkore in an all-cash transaction valued at approximately $3.8 billion, strengthening its position in North America’s fast-growing electrification […]