Prysmian, a global cabling solutions provider, agreed to acquire Encore Wire, a manufacturer of a broad range of copper and aluminium electrical wire and cables, for €3.9bn. "The acquisition of Encore Wire represents a landmark moment for Prysmian and a strategic and unique opportunity to create value for our shareholders and customers. Through this acquisition, Prysmian will grow its North American presence, enhancing its portfolio and geographic mix, while significantly increasing the exposure to secular growth drivers. We look forward to welcoming the Encore Wire team to Prysmian and benefitting from the combined company’s enhanced product offerings and customer relationships," Massimo Battaini, Prysmian Group CEO.