CHINT has acquired Prysmian, a global leader in cabling solutions, for an undisclosed amount. This corporate acquisition marks a significant development in the energy and digital infrastructure sectors, bringing together two entities in a strategic transaction. Prysmian, a public company listed on the Italian Stock Exchange, has nearly 150 years of experience and operates across more than 50 countries, reporting sales exceeding €17 billion in 2024.
Prysmian is renowned for its role in driving the energy transition and digital transformation through its extensive range of resilient, high-performing, sustainable, and innovative cable solutions. The company's operations span critical segments including Transmission, Power Grid, Electrification, and Digital Solutions. With a wide geographical footprint, 109 plants, 27 R&D centres, and over 33,000 employees globally, Prysmian has established a strong customer base and a track record of technological leadership. Its business strategy is closely aligned with key market drivers, enabling it to capitalise on leading positions in growing markets.
The acquisition is strategically significant for CHINT, as it gains immediate access to Prysmian's comprehensive global network, advanced product portfolio, and deep expertise in crucial infrastructure markets. This move is expected to create substantial synergies, particularly in leveraging Prysmian's established market presence and innovative capabilities in areas vital for global development, such as renewable energy integration and enhanced digital connectivity. CHINT stands to benefit from Prysmian's strong customer relationships and its proven ability to develop cutting-edge solutions that meet evolving market demands.
By integrating Prysmian's extensive assets and market leadership, the combined entity is poised to enhance its competitive position and broaden its impact across the global energy and digital sectors. This acquisition is anticipated to strengthen capabilities in delivering essential infrastructure solutions worldwide, supporting continued growth and innovation in a rapidly evolving landscape.