Full-Time
Updated on 8/5/2026
World's largest maker of electrical cables
No salary listed
Rocky Mount, NC, USA
In Person
See people who can refer or advise you
Prysmian Cables & Systems is the world’s largest cable manufacturer by revenue, producing a wide range of electrical and communications cables and systems. Its products include high- and medium-voltage power cables, telecom cables, and fiber-optic solutions. These cables are built from conductors (like copper or aluminum), insulation, shields, and protective jackets, and are installed in infrastructure for power transmission, distribution, and data networks. Prysmian’s fiber and cable offerings enable reliable data transfer and energy delivery across buildings, cities, and grids. The company differentiates itself through its global scale, a history of strategic acquisitions (notably Draka in 2011 and General Cable in 2017) that expanded its footprint and product breadth, and a strong focus on cash flow to fund growth. Its goal is to maintain leadership in the cable industry by providing comprehensive, integrated cabling solutions for energy and communications infrastructure worldwide.
Company Size
10,001+
Company Stage
IPO
Headquarters
Milan, Italy
Founded
1872
See people who can refer or advise you
Help us improve and share your feedback! Did you find this helpful?
Health Insurance
Hybrid Work Options
Flexible Work Hours
Stock Options
Performance Bonus
Meal Benefits
Prysmian S.p.A. has agreed to acquire Atkore Inc., a leading manufacturer of electrical infrastructure products, for $95.00 per share in cash. The all-cash transaction represents an enterprise value of approximately $3.8 billion. The purchase price represents a premium of approximately 30% to Atkore's closing share price of $72.96 on 31 July 2026. Both companies' boards of directors have unanimously approved the transaction. The combined entity will create a one-stop shop for electrical infrastructure solutions in North America, expanding Prysmian's product offerings and exposure to structural growth trends in electrification and data centres. Prysmian will fund the acquisition through a mix of debt, including hybrid bonds, and equity. The transaction is targeted to close by year-end 2026, subject to Atkore shareholder approval, regulatory approvals, and other customary closing conditions.
Prysmian SpA reported record quarterly EBITDA of EUR730 million in Q2 2026, with a 13.4% margin and 9.4% organic growth. The Italian cable manufacturer raised its full-year EBITDA guidance to EUR2.85-2.9 billion. First-half group net profit reached EUR569 million, the highest in company history. Full-year net profit estimates were raised to over EUR1.2 billion. The company secured over EUR10 billion in cumulative optical data centre revenues, including a 10-year deal with Molex. Free cash flow guidance was increased to EUR1.7 billion, including a EUR350 million down payment from Molex. The Digital Solutions segment delivered a 24% EBITDA margin with 18% organic growth. The Transmission segment posted a 21.2% EBITDA margin, whilst Power Grid margins rebounded to 13.8% sequentially. Prysmian reported first-half organic growth exceeding 7%, with strong demand across all regions, particularly in the US.
Prysmian has signed a 10-year agreement with Molex, a Koch Inc. company, worth up to €5.5 billion ($6.29 billion), including a €550 million ($628 million) upfront payment. The deal covers optical cable supply for data centres. The Italian cable manufacturer expects €10 billion ($11 billion) in cumulative revenues from hyperscalers and data centre infrastructure providers through 2035, reaching up to €1.1 billion ($1 billion) annually from 2031. To support this growth, Prysmian will invest €1.25 billion ($1.43 billion) through 2031 to more than double its US fibre capacity. The expansion will create over 1,000 jobs worldwide, including 600 in the United States. The company positions itself as one of only three US manufacturers of fibre and optical cables.
Prysmian, a global leader in energy and data wire and cabling solutions, has announced leadership changes in North America following record performance. The company reported €20 billion in global revenues for 2025, with North America contributing over $9 billion—40% of total sales. The restructuring follows recent acquisitions of Encore Wire and Channell, which added over 3,000 employees. Key appointments include Matt Bedell as SVP of Power Distribution, Brian DiLascia as SVP of Digital Solutions, and Patrick Jacobi as VP of Specialties. Petri Paasonen joins as VP of IT & Digital, whilst Matthew Wagner becomes VP of Corporate Affairs. The moves position Prysmian to capitalise on growing North American demand, with data centre power consumption expected to jump 175% by 2030.
Prysmian, the world's largest cable maker, is considering building a new copper mill in Texas with an investment of $100 million to $200 million, driven by surging demand from data centres and electrification. The Italian company may decide within a year on the facility at its McKinney site near Dallas, which would double or triple output. Regional head Andrea Pirondini said the company is also pursuing bolt-on acquisitions in the US, its top priority market after investing over $6 billion there in the past three years. Data centre growth is offsetting sluggish housing demand, with the sector seeing double-digit expansion. Prysmian sources most copper domestically and warned that proposed tariffs on refined copper imports would be disruptive, as the US lacks sufficient smelting capacity.