Prysmian Group

Name

Prysmian Group

Legal name

Prysmian S.p.A.

Website

https://prysmian.com

Company type

Public

Founded year

2005

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Prysmian Group is the world's largest cable manufacturer, producing energy and telecom cable systems for utilities, grid operators, offshore wind developers, hyperscale data centers, and industrial customers across more than 50 countries.

Ownership category

akta.pro rank

Product category

Energy & Telecom Cable Systems

NAICS

Communication and Energy Wire and Cable Manufacturing (33592), Fiber Optic Cable Manufacturing (335921), Other Communication and Energy Wire Manufacturing (335929), Electrical Equipment Manufacturing (33531), Wiring Device Manufacturing (33593)

SIC

Electric Lighting & Wiring Equipment (3640), Electrical Industrial Apparatus (3620), Electronic & Other Electrical Equipment (No Computer Equip) (3600), Computer Communications Equipment (3576)

akta.pro primary industry

Transmission & Distribution Line Equipment (Bushings, Insulators, Arresters, Conductors, Hardware) (IMAGAAAF)

akta.pro secondary industries

Cable Management & Pathways (Racks/Panels/Trays/Conduits/Organizers) (HDAFALAH), Cable Glands, Sealing & Strain-Relief (glands, grommets, seals, cord grips, strain relief) (IMAGAEAI), Cable Accessories & Terminations (Lugs/Glands/Heat-Shrink/Splices) (IMADAMAL)

Keywords

• Energy cable systems
• Submarine power cables
• Optical fiber cables
• HVDC transmission systems
• Telecom connectivity solutions

Headquarters

HQ city

Milan

HQ country

Italy

HQ region

Europe

Offices7 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Power Transmission Projects: Large-scale submarine and land-based HVDC/HVAC cable installation projects for grid interconnections, offshore wind connections, and national grid upgrades. Revenue recognized over project duration with multi-year backlog.
2. Power Grid Products: Medium and low voltage cables for power distribution, overhead lines, and building wire products. Revenue from sale of standardized cable products to utilities, construction contractors, and industrial customers.
3. Digital Solutions: Optical fiber cables, connectivity products, and enterprise network solutions for telecom operators and data centers. Growing segment driven by AI infrastructure demand with expected revenue exceeding $5 billion over three years from hyperscaler deals.
4. Electrification Products: Industrial cables, mining cables, automotive cables, and specialty cables for construction, transportation, and industrial applications.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels7 records

Core offering

Prysmian Group manufactures and installs energy and telecom cable systems, including submarine and land-based HVDC power transmission cables, HVAC underground and overhead distribution cables, optical fiber cables, and connectivity solutions. The company also provides asset monitoring systems and EV charging cables, serving utilities, grid operators, telecom carriers, offshore wind developers, and industrial customers across 50+ countries.

Product overview

Prysmian Group operates as a global leader in cable solutions, evolving from a cable manufacturer to an integrated solutions provider. The portfolio is organized around five core Business Units: Transmission (submarine and land-based power cable systems for long-distance interconnections), Digital Solutions (optical fibre, connectivity, telecom networks, and enterprise solutions), Power Grid (HVAC underground, overhead lines, and distribution infrastructure), Electrification (industrial and construction cables), and Asset Monitoring Systems (digital predictive maintenance solutions including Pry-Cam, PryID, Alesea, All-Ground, EOSS, and Elaspeed S). Key product sub-brands include SiroccoEXTREME/SiroccoHD microduct fibre cables with record fibre density, Sirocco HYBRID combined power/data cables, P-Laser 100% recyclable HVDC technology, PRYCHARGE EV charging cables, and the E-PATH eco-label. Mining solutions encompass Anaconda, AIRGUARD, Bostrig Type P, ezLINK, Protolon/Protomont, and TECK/VertiTECK cables. Strategic acquisitions include Encore Wire (US building wire), Warren & Brown (Australian telecom connectivity for FTTA/FTTH/Data Centre), and Xtera/ACSM (submarine cable services). The Leonardo da Vinci cable-laying vessel enables deepwater installation beyond 3,000 metres. Sustainability innovations include the world's first negative-carbon-footprint cable absorbing 1 tonne CO2 per kilometre, and partnerships for hollow-core fibre (Relativity Networks) and low-carbon aluminum (Rio Tinto ELYSIS).

Differentiator

Problem solved

Functional benefit

Brands

• P-Laser: Proprietary thermoplastic recyclable cable technology for HVDC applications
• E3X
• Sirocco Extreme
• Prycam
• Leonardo da Vinci
• PRYCHARGE
• E-Path
• ELYSIS

Products and services

• Transmission Cable Systems High-voltage submarine and land-based power transmission cable systems for long-distance grid interconnections, including HVDC and HVAC projects for utilities, grid operators, and offshore wind developers.
• Power Grid Cables Medium and low voltage power distribution cables, HVAC underground cables, overhead line conductors, and power distribution systems for utilities, grid operators, and distribution network operators.
• Digital Solutions (Optical Fiber & Connectivity) Optical fiber cables, connectivity components, telecom network solutions, and multimedia/enterprise network products for telecom operators, hyperscale data centers, and broadband infrastructure deployments.
• Electrification Cables Industrial cables, building wire, construction cables, mining cables, and specialty cables for transportation, oil and gas, and other industrial sectors.
• Asset Monitoring Systems & Electronics Digital monitoring, diagnostic, and predictive maintenance solutions including Pry-Cam, PryID, Alesea, All-Ground, EOSS, and Elaspeed S systems for power grid and cable infrastructure monitoring.
• P-Laser HVDC Cable Technology 100% recyclable thermoplastic HVDC cable technology offering enhanced thermal performance and 30% lower CO2 emissions in production compared to conventional cables.
• SiroccoEXTREME Microduct Cables High-density microduct optical fiber cables providing record fiber density for FTTH, data center, and telecom network applications.
• PRYCHARGE EV Charging Cables EV charging cables for AC and DC charging of electric and hybrid vehicles, designed for residential and commercial charging stations with cold-weather performance.
• Leonardo da Vinci Cable-Laying Vessel Services Cable-laying vessel services for submarine cable installation at depths exceeding 3,000 meters, supporting HVDC interconnections and offshore wind export cable deployment.
• Mining Cable Solutions Specialty power and trailing cables for harsh surface and underground mining environments, including Anaconda, AIRGUARD, Bostrig Type P, ezLINK, Protolon/Protomont, and TECK/VertiTECK product lines.
• Encore Wire Building Wire Products US-manufactured low-voltage and building wire products for construction, residential, commercial, and industrial markets in North America.
• Warren & Brown Connectivity Solutions Telecommunication connectivity products specializing in FTTA (Fibre to the Antenna), FTTH (Fibre to the Home), and Data Centre solutions for telecom operators and broadband deployments.

Quantifiable outcome

• 48% of revenues from low carbon enabling products
• +5 more outcomes

Named customers10 records

Segments6 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature8 records

Partnerships

Nine partnerships are on record, tiered minor, core and strategic.

• UNICEF GigaminorStrategic or Co-development Partner · 18 June 2026Partnership with UNICEF's Giga initiative to expand school connectivity globally. Prysmian provides cable solutions to support school connectivity projects as part of global education infrastructure development.
• Ufinet BrasilcoreChannel Partner/ Reseller/ Distributor · 25 May 2026Partnership to deploy 30 km underground network in Alphaville, São Paulo for hyperscale data centre interconnectivity. Uses Prysmian's SiroccoHD solution enabling 432 optical fibres in single microduct. Reuses existing duct infrastructure to reduce social impact.
• ELYSIS ConsortiumcoreStrategic or Co-development Partner · 18 April 2026Technology partnership for carbon-dioxide-free aluminium smelting using ELYSIS technology. Prysmian and Rio Tinto partnership at Alma smelter in Quebec enables premium data centre infrastructure markets through five-year industrial trials.
• StillstromminorStrategic or Co-development Partner · 24 March 2026Joint development of offshore charging system for offshore wind sector vessels. Trial scheduled for late 2026 in Esbjerg. Enables hybrid and electric service operation vessels to connect to shore-based clean power, reducing fuel consumption and CO2 emissions. Stillstrom develops offshore charging solutions since 2019.
• Faber GroupminorStrategic or Co-development Partner · 24 March 2026Partnership with Stillstrom and Prysmian for offshore charging system. Faber Group provides cables and consulting for offshore wind vessel charging infrastructure. Trial in Esbjerg late 2026.
• Rio TintocoreStrategic or Co-development Partner · 12 March 2026Partnership to produce sustainably manufactured aluminum building wire using ELYSIS technology, which eliminates direct greenhouse gas emissions from aluminum smelting. Combines Rio Tinto's low-carbon aluminum from Canadian hydropower with Prysmian's cable manufacturing. Supports Prysmian's Net Zero 2035 target and 55% sustainable sales goal by 2028. Includes five-year supply agreement plus joint development agreement for recycling, product circularity, and traceability.
• Xtera (Joint Venture)coreStrategic or Co-development Partner · 26 February 2026Joint venture (80% Prysmian, 20% Fincantieri) to acquire Xtera Limited for approximately €55-65 million enterprise value. Enables turnkey submarine telecom solutions spanning manufacturing, installation, and security services. Expected to close Q1 2026 pending regulatory approval. Fills key technological gap through optical repeaters for vertical integration.
• Versalis (Eni)coreStrategic or Co-development Partner · 29 December 2025Strategic partnership to recycle plastic cable scrap through Versalis' Hoop chemical recycling technology at Mantua plant. First pilot project launches H2 2026. Approximately 60% of XLPE scrap expected to be repurposed into pyrolysis oil for new cable production. First time cross-linked cable with all polymeric layers can be chemically recycled at scale in cable industry.
• Relativity NetworksstrategicTechnology or Integration · 1 July 2025Investment and partnership for hollow-core optical fiber innovation targeting data center applications. Supports expansion into AI infrastructure connectivity solutions.

Scale indicators17 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• NKT A/S: Danish cable manufacturer specializing in high-voltage and submarine power cables; competes with Prysmian on European HVDC interconnectors and offshore wind export cables, and is one of the three European players (with Prysmian and Nexans) controlling ~65% of the global submarine cable market.
• Corning Incorporated: U.S. specialty glass and ceramics leader that is the dominant optical fiber and cable manufacturer globally; competes directly with Prysmian's SiroccoEXTREME microduct cables in the BEAD broadband program and hyperscaler data center fiber markets.
• Furukawa Electric: Japanese manufacturer of optical fiber, submarine telecom cables, and power cables; a direct peer in the fiber optic and submarine telecom segments where Prysmian competes through the Sirocco family of products and the Xtera JV.
• Nexans: French global cable manufacturer and Prysmian's closest direct competitor across submarine power cables, land HVDC/HVAC, and telecom fiber; competes head-to-head on European interconnectors and offshore wind projects, with EBITDA roughly one-third of Prysmian's.
• Sumitomo Electric Industries: Japanese industrial conglomerate with a major wire and cable business covering power transmission, submarine HVDC, and optical fiber; competes with Prysmian on Asian interconnector tenders and supplies its own cable-laying capability for deepwater projects.
• LS Cable & System: Korean cable manufacturer competing with Prysmian on submarine HVDC interconnectors (notably in Asia) and high-voltage land cables; an expanding global player that secured a major U.K. HVDC link award and is investing in additional cable-laying capacity.

Emerging players

• Hengtong Optic-Electric: Chinese cable and optical fiber manufacturer rapidly expanding in submarine power cables and global fiber markets; competes with Prysmian on cost-sensitive tenders and represents the principal Asian capacity threat to Prysmian's pricing on standard HV projects.

Broad incumbents

• Belden Inc. U.S. specialty cable and networking solutions provider focused on industrial, broadcast, and enterprise markets; an adjacent incumbent whose industrial and signal cable portfolios overlap with Prysmian's Electrification business unit rather than its submarine/franchise power business.
• Leoni AG: German wire and cable manufacturer specializing in automotive, industrial, and specialty cables; competes with Prysmian's Electrification segment and EV charging cable portfolio (PRYCHARGE), though at smaller scale and narrower scope.
• CommScope Holding Company: U.S. global infrastructure provider for communications networks, including fiber optic cabling, connectivity, and data center solutions; an adjacent incumbent that competes with Prysmian Digital Solutions in broadband, FTTH, and data center cabling.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/prysmiangroup
• YouTubeyoutube.com/channel/UC4pBM7jdm_Gf5g3e_YFaHjg
• Facebookfacebook.com/prysmiangroup
• LinkedInlinkedin.com/company/prysmian
• Instagraminstagram.com/prysmian_

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries8 records

Funding overview

Funding rounds6 records

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A11 records

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Prysmian Group