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Atkore agrees to $3.8 billion cash sale to Prysmian

Atkore agrees to $3.8 billion cash sale to Prysmian

The deal gives Atkore shareholders $95 a share and comes as Prysmian expands in U.S. electrical infrastructure and data center supply chains.

Fact Check
Both official Atkore/Business Wire press releases directly confirm every element of the claim. The acquisition release states Prysmian will acquire Atkore in an all-cash deal with an enterprise value of ~$3.8 billion at $95.00 per share. The Q3 2026 results release confirms net sales of $794.8 million (+8.1% vs prior year) and net income of $0.7 million, impacted by a $50.0 million litigation settlement. Reuters independently corroborates the deal context. All figures in the claim match the primary sources precisely.
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Summary

Atkore has agreed to be acquired by Prysmian SpA in an all-cash deal valued at about $3.8 billion, with shareholders set to receive $95 per share. Prysmian said the offer represents a roughly 23% premium to Atkore's 90-day volume-weighted average share price as of July 31, and the transaction was unanimously approved by both companies' boards. The deal is expected to close by the end of 2026, subject to Atkore shareholder approval, regulatory clearances and other customary conditions. Prysmian said the combination should generate about $150 million in run-rate pre-tax synergies within three years and be earnings accretive from the first full year after closing. Atkore, based in Harvey, Illinois, generated $2.85 billion in revenue and $386 million in EBITDA in fiscal 2025, while the combined company would have had about $25.5 billion in revenue and $2.7 billion in adjusted EBITDA on a pro forma fiscal 2025 basis. The acquisition extends Prysmian's North American push after its purchases of Encore Wire and Channell Commercial Corp. as electrical equipment makers chase demand tied to electrification and AI data centers.

Terms & Concepts
  • Volume-weighted average share price: An average share price over a period that weights each trade by the volume of shares exchanged.
  • Adjusted EBITDA: A profit measure that excludes interest, taxes, depreciation, amortization and certain other items.
  • Enterprise value: A measure of a company's total value that generally combines equity value with debt and adjusts for cash.