$PRYMF

Aurubis AG (NDA) signed a long-term copper supply deal with Prysmian to meet rising demand in Europe. Goldman Sachs disclosed it crossed a reporting threshold in Aurubis AG on 17 Sept 2026, but did not reveal stake details.

Prysmian and Rio Tinto (NYSE:RIO) will supply low-carbon aluminum cables for an Amazon (NASDAQ:AMZN) data center in Ohio. The cables use ELYSIS technology, which eliminates greenhouse-gas emissions. This is the first known use of such aluminum in a data center, aligning with Amazon's net-zero goals and Prysmian's sustainability targets. However, the financial impact and scalability remain uncertain.

Prysmian and Rio Tinto partnered to supply low-carbon aluminum cables for an Amazon data center in Ohio. The cables use ELYSIS technology, eliminating greenhouse gas emissions. This is the first known use in a data center. Prysmian will manufacture the cables in Missouri. The project supports Amazon's 2040 net-zero target.

Prysmian is investing over $1 billion to expand its Catawba County, North Carolina facility in Claremont, adding 385 jobs, according to Governor Josh Stein. The expansion is expected to take 20-24 months and more than double U.S. fiber optic capacity, including glass preform and fiber, and increase cable production. Prysmian employs about 680 there.

Berenberg upgraded Italy’s Prysmian (BIT:PRY) to buy from hold, citing improved financial performance and competitive position not reflected in the current price. It raised its target to €150 from about €130, after Prysmian’s July Q2 results and its acquisition of Aktore. Prysmian was up about 1% near €125.

Prysmian signed a definitive merger agreement to acquire US electrical infrastructure provider Atkore, expanding Prysmian’s North American footprint. The deal adds conduits, cable management, armoring, framing, and plastic pipes and fittings to Prysmian’s cable portfolio, aiming to simplify procurement and speed installation. Prysmian CEO Massimo Battaini and Atkore board chair Michael Schrock cited synergies and complementary products.

Atkore Inc. shares rose about 28% after Prysmian S.p.A. agreed to buy the electrical products maker in an all-cash deal valued at about $3.8 billion. Atkore shareholders will receive $95 per share, a ~30% premium to $72.96. Prysmian expects $150 million run-rate pre-tax synergies within three years. Atkore also reported Q3 net sales of $794.8 million and adjusted EPS of $1.92.

Prysmian plans to acquire Atkore for $3.8B, or $95 per share plus debt, to expand beyond cables into installation components. Prysmian targets $150M annual synergies by 2029 and expects EPS accretion in the high-single digits in year one, rising to double digits with run-rate synergies. Financing is about 60% debt, 20% equity, 20% hybrid debt.

Prysmian agreed to acquire Atkore in an all-cash deal valued at about $3.8bn, paying $95.00 per share, a 30% premium to Atkore’s 31 July close. The deal targets North American electrification and data-centre demand, with expected close by end-2026 subject to approvals. Atkore reported $2.9bn sales in FY2025.

Investing.com reports Prysmian shares fell about 2% to €117.85 after the company agreed to buy U.S. Atkore Inc. for $95.00 per share in cash, valuing the deal at about $3.8 billion. The boards approved it, with a target close by end-2026. Investors focused on debt and equity funding, including treasury share disposal and dilution, plus Prysmian’s 2026 guidance excluding Atkore.