Prysmian announces the acquisition of the American Encore Wire for 290 dollars per share (272.15 euros), with a 20% premium on the average price of the 30 days preceding April 12th. This can be read in a note which indicates that the operation values the US company which produces electrical cables at 4.2 billion dollars (3.94 billion euros).
In 2023 Encore Wire achieved revenues of approximately 2.6 billion dollars (2.44 billion euros) and a gross operating margin of 517 million dollars (485.19 million euros).
The operation creates a group capable of generating a turnover of over 17.7 billion, with a gross operating margin of 2.1 billion euros, based on the original results of 2013.