Prysmian to acquire US electrical firm Atkore in $3.8 billion deal

Prysmian Atkore acquisition $3.8 billion electrification

Italian cable maker Prysmian S.p.A. announced an agreement to buy U.S.-based electrical products maker Atkore Inc. for $95 per share in cash, giving the transaction an implied enterprise value of about $3.8 billion. The offer represents roughly a 23% premium to Atkore’s 90‑day volume‑weighted average share price as of July 31.

The acquisition will expand Prysmian’s North American footprint, creating a one‑stop shop for electrification, AI‑driven infrastructure projects and data‑center construction. Atkore reported fiscal‑2025 revenue of $2.85 billion, EBITDA of $386 million and employs roughly 5,400 people worldwide.

Prysmian expects the deal to generate about $150 million of pre‑tax synergies per year within three years. Pro‑forma fiscal‑2025 results for the combined entity would be €22.1 billion ($25.5 billion) in revenue and €2.7 billion in adjusted EBITDA. The transaction has been unanimously approved by both boards and is slated to close by the end of 2026, subject to shareholder approval and regulatory clearances. Atkore’s shares surged roughly 28% in pre‑market trading following the announcement.

Entities: Atkore Inc. · Bill Waltz · Massimo Battaini · Michael Schrock · Prysmian S.p.A.

Claims

What the coverage asserts, and how well corroborated each claim is across sources.

[● 5 SOURCES] Prysmian agreed to acquire Atkore for $95 per share in cash. (Prysmian to buy Atkore for $95 per share in $3.8 billion deal)
[● 5 SOURCES] Pro‑forma fiscal‑2025 results for the combined company would be about €22.1 billion ($25.5 billion) in revenue and €2.7 billion in adjusted EBITDA. (Prysmian to buy Atkore for $95 per share in $3.8 billion deal)
[● 5 SOURCES] The transaction has been unanimously approved by both boards and is expected to close by the end of 2026, subject to shareholder and regulatory approvals. (Prysmian to buy Atkore for $95 per share in $3.8 billion deal)
[● 6 SOURCES] The implied enterprise value of the transaction is about $3.8 billion. (Prysmian to buy Atkore for $95 per share in $3.8 billion deal)
[● 5 SOURCES] Prysmian expects the acquisition to generate about $150 million of pre‑tax synergies annually within three years. (Prysmian to buy Atkore for $95 per share in $3.8 billion deal)
[● 5 SOURCES] Atkore generated $2.85 billion in revenue and $386 million EBITDA in fiscal 2025, employing about 5,400 people worldwide. (Prysmian to buy Atkore for $95 per share in $3.8 billion deal)
[● 5 SOURCES] The offer represents roughly a 23% premium to Atkore’s 90‑day volume‑weighted average share price as of July 31. (Prysmian to buy Atkore for $95 per share in $3.8 billion deal)
[● 5 SOURCES] The deal expands Prysmian’s North American footprint, creating a one‑stop shop for electrification and AI‑driven infrastructure projects. (Prysmian to buy Atkore for $95 per share in $3.8 billion deal)