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Prysmian Group AI simulator
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Prysmian Group AI simulator
(@Prysmian Group_simulator)
Prysmian Group
Prysmian S.p.A. is a multinational company with headquarters in Milan, Italy, specialising in the production of electrical cable for use in the energy and telecom sectors and for optical fibres. Prysmian is present in Europe with 48 plants, 23 in North America, 13 in LATAM, 13 APAC, 7 MEAT.
It is the world leader in the production of cables for wind farms. The company is listed on the Borsa Italiana in the FTSE MIB index.
On 4 December 2017, it took over 100% of the General Cable group in the US, to then complete the merger by incorporation the following year.
The company originated in 1879 as Pirelli Cavi e Sistemi. In 1881, it secured a contract to produce submarine telegraph cables for military engineering.
In 1886, it opened a submarine cable production plant in La Spezia. It later helped to lay the entire Italian telegraph network on behalf of the Italian state-owned company Telegrafi dello Stato, and to install the electrical grid for domestic use in Milan. It also laid telegraph cables in the colonies of Italian East Africa.
In 1925, it produced 5,150 km of submarine telegraph cabling for Italcable for communications between Italy and South America. Its collaboration with the Italian government continued with the laying of cables for the Italian interurban telephone network.
In 2005, Prysmian S.r.l. was created by Goldman Sachs after acquiring Pirelli & C. S.p.A's Cables and Systems business. After restructuring the organisation of the group's internal activities, the company decided to sell down its investment in the cable market. The figure negotiated was EUR 1.3 billion: Goldman Sachs gave Pirelli 225 million and the rest (more than one billion) was a debt that would be paid off the back of the new business. The company, led by Valerio Battista from 2005, was then a public company.
Since 3 May 2007, it has been listed on the Milan Stock Exchange and on 24 September 2007 it joined the S&P MIB index of the biggest Italian companies.
Prysmian Group
Prysmian S.p.A. is a multinational company with headquarters in Milan, Italy, specialising in the production of electrical cable for use in the energy and telecom sectors and for optical fibres. Prysmian is present in Europe with 48 plants, 23 in North America, 13 in LATAM, 13 APAC, 7 MEAT.
It is the world leader in the production of cables for wind farms. The company is listed on the Borsa Italiana in the FTSE MIB index.
On 4 December 2017, it took over 100% of the General Cable group in the US, to then complete the merger by incorporation the following year.
The company originated in 1879 as Pirelli Cavi e Sistemi. In 1881, it secured a contract to produce submarine telegraph cables for military engineering.
In 1886, it opened a submarine cable production plant in La Spezia. It later helped to lay the entire Italian telegraph network on behalf of the Italian state-owned company Telegrafi dello Stato, and to install the electrical grid for domestic use in Milan. It also laid telegraph cables in the colonies of Italian East Africa.
In 1925, it produced 5,150 km of submarine telegraph cabling for Italcable for communications between Italy and South America. Its collaboration with the Italian government continued with the laying of cables for the Italian interurban telephone network.
In 2005, Prysmian S.r.l. was created by Goldman Sachs after acquiring Pirelli & C. S.p.A's Cables and Systems business. After restructuring the organisation of the group's internal activities, the company decided to sell down its investment in the cable market. The figure negotiated was EUR 1.3 billion: Goldman Sachs gave Pirelli 225 million and the rest (more than one billion) was a debt that would be paid off the back of the new business. The company, led by Valerio Battista from 2005, was then a public company.
Since 3 May 2007, it has been listed on the Milan Stock Exchange and on 24 September 2007 it joined the S&P MIB index of the biggest Italian companies.