PRYSMIAN HUNTS €4B ACQUISITION TARGET

INDUSTRY DESK■ 1 MIN READ

MON, JUL 13, 2026

■ AI-SUMMARIZED FROM 3 SOURCES ▸ TIMELINE

Italian cable manufacturer Prysmian is actively seeking M&A opportunities worth approximately €4 billion ($4.68 billion), CEO Massimo Battaini announced Tuesday. The move comes as hyperscaler infrastructure deals accelerate.

Battaini told Bloomberg TV that potential targets would be comparable in size to Encore Wire, which Prysmian acquired in 2024. The €4 billion enterprise value range reflects the company's appetite for mid-sized cable and infrastructure assets. The announcement signals Prysmian's confidence in the market amid growing demand from major cloud and data center operators. Hyperscalers including Amazon, Microsoft, and Google are expanding infrastructure spending, driving opportunities for cable suppliers. Prysmian shares rose on the M&A comments, reflecting investor optimism about growth prospects. The company is positioning itself to capitalize on the digital infrastructure boom, which continues to reshape the cable and connectivity sector globally. The Italian manufacturer remains one of Europe's largest cable producers, with operations spanning power, telecom, and industrial markets.

■ SOURCES

► Bloomberg Tech ► Bloomberg Tech ► Bloomberg Tech

■ SUMMARY WRITTEN BY AI FROM THE LINKS ABOVE

■ MORE FROM THE BUSINESS DESK

P646NEWSOM PROPOSES AI EQUITY STAKES FOR AMERICANS

California Gov. Gavin Newsom is blending tech-friendly policies with economic populism by proposing that Americans receive equity shares in AI companies. The proposal signals a strategic shift as he prepares for a likely presidential run.

JUST NOW— AI Desk

P640MASSACHUSETTS RIDE-SHARE DRIVERS FORM FIRST US UNION

Uber and Lyft drivers in Massachusetts have established the first unionized ride-share workforce in the United States, marking a significant shift in labor organizing within the gig economy sector.

JUST NOW— Industry Desk

P632INDIA PLEDGES $13.3B FOR DOMESTIC CHIP MANUFACTURING

India announced 1.28 trillion rupees ($13.3 billion) in additional funding to expand its semiconductor production capacity. The investment builds on a $10 billion incentive program launched in 2021 that successfully attracted major manufacturers including Micron.

1H AGO— Industry Desk

P629NEW YORK FIRST STATE TO BAN NEW HYPERSCALE DATA CENTERS

New York became the first state to issue a moratorium on new hyperscale data centers, responding to growing concerns about energy consumption and infrastructure strain from the proliferation of these facilities.

1H AGO— Industry Desk

◄ BACK TO NEWS

PRYSMIAN HUNTS €4B ACQUISITION TARGET

■ MORE FROM THE BUSINESS DESK

■ SUBSCRIBE TO THE DAILY BRIEF