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Prysmian, Fincantieri Join Forces to Acquire Xtera for $65M

12/29/2025

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Summary

Story summary

Prysmian and Fincantieri formed a joint venture to acquire Xtera Topco Limited for $65 million.
Prysmian will hold 80% of the venture, with Fincantieri owning 20%.
The deal is expected to close in early 2026.
The acquisition expands Prysmian's presence in subsea telecommunications and builds on its energy cables expertise.
Subsea infrastructure remains a strategic priority for the companies as the telecom market grows, with a focus on innovation and security.

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Story summary

Prysmian and Fincantieri formed a joint venture to acquire Xtera Topco Limited for $65 million.
Prysmian will hold 80% of the venture, with Fincantieri owning 20%.
The deal is expected to close in early 2026.
The acquisition expands Prysmian's presence in subsea telecommunications and builds on its energy cables expertise.
Subsea infrastructure remains a strategic priority for the companies as the telecom market grows, with a focus on innovation and security.