USA: Prysmian has entered into a definitive merger agreement to acquire Atkore for $95 per share in cash, strengthening its position in North America’s electrification and AI-driven infrastructure markets.
The transaction gives Atkore an implied enterprise value of approximately $3.8 B (€3.3 billion). The offer represents a premium of around 23% over Atkore’s 90-day volume-weighted average share price as of 31 July 2026.
Through the acquisition, Prysmian will add Atkore’s complementary portfolio of electrical infrastructure products to its existing cable business, supporting its development into a fully-fledged electrical solutions provider.
The combined company is expected to offer customers a one-stop shop for electrical infrastructure, bringing together complementary products, established customer relationships and a wider commercial network.
Prysmian said the transaction would combine manufacturing expertise, engineering knowledge and innovation to meet growing demand for safe, reliable and quickly delivered electrical systems.
The integrated product range is also expected to support shorter delivery times and faster installation, particularly as investment in electrification and AI-related infrastructure continues to grow across the United States.
The acquisition could create further research and development opportunities by combining cables with adjacent electrical components. Prysmian expects this approach to improve job-site productivity, enhance installer safety and increase infrastructure reliability.
The deal values Atkore at 9.8 times its 2025 EBITDA, or 7.1 times EBITDA when expected run-rate synergies are included.
Source: Prysmian
