Prysmian CEO Targets €4 Billion M&A as Hyperscaler Deals Near

Italian cable maker Prysmian SpA is scouting the market for a potential acquisition of about $4 billion enterprise value, Chief Executive Officer Massimo Battaini said in an interview with Bloomberg TV on Tuesday.

“We now have the financial strength to resume our M&A strategy,” Battaini said, adding that Prysmian expects to announce attractive opportunities over the next 12 months. Potential targets could be similar in size to Encore Wire — acquired in 2024 — with an enterprise value of around €4 billion ($4.68 billion).