Posted 4/15/2024, 10:32:43 AM
Prysmian to Acquire Encore Wire for $4.2 Billion, Strengthening Position in North American Market
- Prysmian to acquire US firm Encore Wire for $4.2 billion in enterprise value
- Deal will strengthen Prysmian's position in profitable North American market
- Encore is a major player in industrial construction cables and complements Prysmian
- Acquisition expected to generate $140M in annual cost and revenue synergies within 4 years
- Prysmian financing deal with $1.1B cash and $3.4B in new debt facilities