M&A Deal Summary

Prysmian Acquires Encore Wire

On April 15, 2024, Prysmian acquired electrical equipment company Encore Wire for 3.9B USD

Acquisition Highlights
  • This is Prysmian’s 6th transaction in the Electrical Equipment sector.
  • This is Prysmian’s largest (disclosed) transaction.
  • This is Prysmian’s 3rd transaction in the United States.
  • This is Prysmian’s 2nd transaction in Texas.

M&A Deal Summary
Date 2024-04-15
Target Encore Wire
Sector Electrical Equipment
Buyer(s) Prysmian
Deal Type Add-on Acquisition
Deal Value 3.9B USD
Advisor(s) J.P. Morgan Securities (Financial)
O'Melveny & Myers (Legal)

Target

Encore Wire

Mckinney, Texas, United States
Entrance to Encore Wire's corporate headquarters in Mckinney, Texas.
Entrance to Encore Wire's corporate headquarters in Mckinney, Texas.
Encore Wire is a manufacturer of a broad range of electrical building wire for interior wiring in commercial and industrial buildings, homes, apartments, and manufactured housing. Encore Wire was founded in 1989 and is based in Mckinney, Texas.

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Buyer(S) 1

Buyer

Prysmian

Milan, Italy
Category Company
Founded 1879
Sector Technology Hardware
Employees30,351
Revenue 15.4B EUR (2023)
DESCRIPTION

Prysmian together with its subsidiaries, produces, distributes, and sells cables and systems, and related accessories for the energy and telecommunications industries worldwide. Prysmian was founded in 1879 and is based in Milan, Italy.

DEAL STATS #
Overall 8 of 8
Sector (Electrical Equipment) 6 of 6
Type (Add-on Acquisition) 6 of 6
State (Texas) 2 of 2
Country (United States) 3 of 3
Year (2024) 1 of 1
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-04 General Cable

Highland Heights, Kentucky, United States

General Cable Corp. develops, designs, manufactures, markets and distributes copper, aluminum and fiber optic wire and cable products and systems for the energy, industrial, specialty, construction, and communications markets. General Cable Corp. was formed in 1992 and is headquartered in Highland Heights, Kentucky.

Buy $3.0B
Mergr

Product

Company

Legal