Prysmian Reports Record Quarter and Acquires Atkore for $3.8 Billion

Key Facts

1Prysmian reported its best-ever quarter and raised its forward guidance.

2The company acquired Atkore for an enterprise value of $3.8 billion to reinforce its market position.

3Prysmian secured a EUR 5.5B deal with Molex and raised EUR 850M in equity.

Prysmian reported its best-ever quarterly performance and raised its forward guidance to reflect strong operational momentum. Seeking Alpha reported that the company acquired Atkore for an enterprise value of $3.8 billion, a strategic move designed to reinforce its dominant position in the global cable market.

The company also secured a EUR 5.5 billion deal with Molex and successfully raised EUR 850 million in equity to support its expansion. Regarding market performance, PRYMF closed at $139.71 on October 8, 2026, while ATKR closed at $94.84 on the same date.

Prysmian is currently leveraging its leadership in power submarine cables to capitalize on rising infrastructure demand. This corporate growth follows broader economic data from the Eurozone, which showed annual retail sales grew by 0.8% as of October 6, 2026.