The combined portfolio of Prysmian and Channell will support the development of Prysmian’s North American footprint. Channell will be included in Prysmian’s digital solutions, which is part of its broader synergistic portfolio, including energy solutions.
Apr 4, 2025
Global cable manufacturer Prysmian S.p.A has given a major push to its journey of becoming a world-class digital solutions provider by acquiring Channell Commercial Corporation, leading connectivity solutions provider in the United States, having major interests in broadband, telecommunications, utility and power sectors.
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The total value of acquisition is USD 950 million, with potential additional post-closing payment of up to USD 200 million based on Channell’s achievement of certain EBITDA targets for calendar year 2025. The transaction is subject to customary closing conditions, including regulatory clearances, and is expected to close in the second quarter of 2025.
The combined portfolio of Prysmian and Channell solutions, along with Channell’s extended commercial reach and complementary R&D focus, will support the development of Prysmian’s North American footprint, positioning the business for the growth of data centres and the roll-out of FTTX and 5G in the United States and Europe. Channell will be included in Prysmian’s digital solutions, which is part of its broader synergistic portfolio, including energy solutions.
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Channell is an established connectivity player in the United States with three manufacturing facilities in Texas, Nevada & California, and diverse product portfolio of vaults, fiber optics, thermoplastic enclosures & metal enclosures.
