Finance
Prysmian to Buy Spain's Acsm for 169 Million Euros, Boosting Submarine Cable Leadership
Published by Global Banking & Finance Review®
Posted on January 23, 2026
1 min readLast updated: January 23, 2026
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Quick Summary
Prysmian is set to acquire ACSM for €169 million, enhancing its submarine cable operations. The deal will be funded by cash reserves and is expected to close by February.
Prysmian Acquires ACSM for €169 Million to Enhance Submarine Cable Operations
Prysmian's Strategic Acquisition of ACSM
Jan 23 (Reuters) - Italy's cable maker Prysmian plans to buy Spain-based ACSM, a submarine cable installation company, in a 169-million-euros ($198 million) deal, it said on Friday.
Details of the Acquisition
The world's largest cable maker said the transaction will be funded using cash from its balance sheet and is expected to close by February.
Funding and Financial Implications
The acquisition will bring subsea surveying, seabed preparation and installation capabilities in-house, it said.
Previous Acquisitions by Prysmian
Prysmian completed two major acquisitions in the last years, both in the U.S., finalising a $1.15 billion deal for Channel in 2025 and acquiring Encore Wire for about $4.2 billion in mid-2024.
($1 = 0.8523 euros)
(Reporting by Romolo Tosiani in Gdansk; Editing by Matt Scuffham)
Key Takeaways
- •Prysmian acquires ACSM for €169 million.
- •Deal enhances Prysmian's submarine cable operations.
- •Transaction funded by Prysmian's cash reserves.
- •Expected closure of the deal by February.
- •Prysmian's previous major acquisitions in the U.S.
Frequently Asked Questions about Prysmian to buy Spain's ACSM for 169 million euros, boosting submarine cable leadership
1What is an acquisition?
An acquisition is a corporate action in which one company purchases most or all of another company's shares to gain control of that company.
2What are submarine cables?
Submarine cables are undersea cables used to transmit telecommunications signals across bodies of water, connecting different land-based networks.
3What is financial management?
Financial management involves planning, organizing, directing, and controlling the financial activities of an organization to achieve its financial goals.
4What is a cash balance sheet?
A cash balance sheet is a financial statement that summarizes a company's cash inflows and outflows, reflecting its liquidity position.
5What is a strategic acquisition?
A strategic acquisition is a purchase made by a company to enhance its competitive advantage, expand its market presence, or achieve synergies.
