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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 read

· Last updated: January 23, 2026

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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. The world's

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

What 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.

What are submarine cables?

Submarine cables are undersea cables used to transmit telecommunications signals across bodies of water, connecting different land-based networks.

What is financial management?

Financial management involves planning, organizing, directing, and controlling the financial activities of an organization to achieve its financial goals.

What 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.

What 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.

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Prysmian to buy Spain's ACSM for 169 million euros, boosting submarine cable leadership

Prysmian Acquires ACSM for €169 Million to Enhance Submarine Cable Operations