Prysmian Group through the years: the history of the Company

categories: Corporate 

Milan, Italy   -   15/12/2023 - 01:00 AM

“The history of Prysmian Group is long and proud, dating back well before the birth of Prysmian as we know it today.”

This is how, during the Capital Markets Day – an event organized by Prysmian and that took place in Naples on the 5th of October, 2023 – CEO Valerio Battista started his speech, in which he walked the stakeholders through the history of the Group and the most recent milestones that have made Prysmian the undisputed leader in the industry.


The key milestones on Prysmian’s journey




  • 2005 marks the beginning of the journey that drove Prysmian where it is today. That is, in fact, the year in which the Group became an independent company after it split out of Pirelli.
  • 2007: the Company moved public. Its IPO, which happened in this year, was an important step in terms of accessing the capital markets.
  • In 2010 Prysmian went further to become Italy's first fully public company. This decision was a clear reflection of its commitment to long-term profitability, growth, transparency and corporate governance.
  • In 2011 the acquisition of Draka and in 2018 the acquisition of General Cable took place. These acquisitions helped the Company expand its geographic reach and broaden its portfolio. The Group’s know-how was applied to successfully integrate each business, ensuring the retainment of the best aspects of the companies while not losing Prysmian’s core DNA.
  • Finally, 2022: the improvement of the performances of the company, thanks to what we did, what we are still doing and a market that is electrifying.


The Company grows, the DNA stays the same

All the strategic choices that characterize Prysmian’s history have put the Group where it is today - leading the industry both technologically and financially.

It surely is a very different company compared to 10 years ago, as it has expanded geographically into plenty of new markets, it has three times as many colleagues, and has grown revenues by four times. To provide some numbers, Prysmian Group now counts:

  • About 30000 people
  • 6 continents
  • 108 plants (largely in US and EU, but also South America and Asia)
  • 26 R&D centres
  • Annual sale of over 16 billion euro

Yet, it has not lost sight of its original DNA: a strong dedication to technological innovation, an efficient supply chain, and a strong commitment to customer-centricity. With the widest product range, extensive capability, shared culture and outstanding talent, Prysmian ensures it exceeds customer expectations, mainly focusing on 4 values that are the pillars of its operations:

  • Integrity
  • Innovation
  • Sustainability
  • Excellence

“And here we are today: Prysmian will play a key role in the energy transition, committed to providing 175 million households with green electricity and enabling 22 million households to access high speed digital by 2027, leading the market to the future.”

Valerio Battista, CEO – Prysmian Group