Prysmian completes acquisition of Atkore
ATKR•Prysmian completed its acquisition of Atkore on October 19, 2026, in a cash deal valued at about $3.8 billion. The companies expect $150 million in annual pretax synergies within three years.
1. Deal terms
Prysmian completed its acquisition of Atkore on October 19, 2026. The cash purchase of all outstanding common shares at $95 per share implies an enterprise value of about $3.8 billion. Full financial consolidation is set to begin in November 2026.
2. Synergies and earnings
The acquisition expands Prysmian’s U.S. electrical infrastructure offering in data centers, utilities and commercial infrastructure. Expected annual pretax synergies total about $150 million within three years of closing. EPS accretion is expected to be in the high single digits in the first full year before synergies and reach double digits with full synergies.
