PRYSMIAN AWARDED M&A AWARD FOR THE ACQUISITION OF ENCORE WIRE

Prysmian has won the "M&A Award – Il premio M&A per la crescita" in the Italy vs. Abroad category for the acquisition of Encore Wire Corporation. Prysmian was named the winner at a ceremony yesterday at the Centro Svizzero in Milan, at the XXI edition of the M&A Award promoted by KPMG and Fineurop Sodic, in collaboration with Borsa Italiana and Class Editori.

Iuri Longhi, Prysmian's Chief Corporate Strategy and Development, said: “We are proud to have won the award for the Italian company investing abroad at the M&A Award. Prysmian has M&A as an integral part of its identity - viewing it as an opportunity to grow commercially, profitably, culturally and, Encore Wire, our largest ever deal, follows on from the acquisitions of Draka and General Cable. Encore Wire, previously a listed company in the US when we acquired them last year, has significantly strengthened our position in the North America and opened up the attractive Industrial & Construction segment with a new dimension thanks to their unique business and service model.”

Prysmian completed the acquisition of Encore Wire in July 2024 to strengthen its position in North America, enable enhanced cross-selling opportunities, and benefit from efficiency and innovation thanks to Encore Wire’s unique production, distribution process and service levels.