MarketScale Deals and strategy
Prysmian's $3.8 billion Atkore acquisition targets North American data-center electrical infrastructure
Prysmian plans to acquire Atkore for $3.8 billion, including debt, to expand its presence in the North American data-center electrical infrastructure market. This strategic move, which includes a 30% premium, positions Prysmian to meet the growing demands of hyperscale data-center construction by combining its cable products with Atkore's electrical conduit and infrastructure hardware. The acquisition, alongside a recent …