Prysmian breaks ground on $1.02 billion expansion at its Claremont, NC campus
The investment doubles U.S. fiber production, creates 386 jobs, and boosts domestic digital infrastructure, with operations starting in 2030.
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Global cable and energy solutions provider
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In short: Prysmian received U.S. antitrust clearance for its $3.8 billion Atkore acquisition and initiated a $1.25 billion U.S. expansion program.
The investment doubles U.S. fiber production, creates 386 jobs, and boosts domestic digital infrastructure, with operations starting in 2030.
The deal includes over €1 billion for capacity investment and 1,000 new jobs. Frederick Persson, EVP of Digital Solutions, explains the rationale in a two-minute video.
The merger expands Prysmian's North American portfolio and creates a leading electrical solutions provider, with expected synergies of $150 million.
She will replace Pier Francesco Facchini and brings over 25 years of experience from Iveco Group.
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