Prysmian acquires Channell
June 10, 2025
Prysmian has completed the acquisition of Channell Commercial Corporation (Channell), the US-based manufacturer of thermoplastic enclosures and fibre management solutions, for a base purchase price of $950 million (€830.4m), subject to customary adjustments as set forth in the merger agreement. Under the terms of the merger agreement, Prysmian may also be required to make an additional potential payment of up to $200 million upon Channell’s achievement of specified EBITDA performance targets for the 2025 calendar year.
With the closing complete, Channell will be fully consolidated into the Prysmian perimeter for financial reporting as of June 1st 2025. As communicated at Q1 2025, Prysmian’s FY25 guidance excludes the contribution of Channell. Prysmian will now review its guidance and disclose it, taking into account the contribution from Channell, with the H1 2025 results that will be issued on July 31st.
Massimo Battaini, CEO Prysmian, commented: “Our synergistic portfolio of energy and digital solutions has been strengthened thanks to this acquisition, and as a result, we will bring benefit to customers across North America, while boosting our global competitiveness in the digital space. I am delighted to welcome the Channell team to Prysmian – we have a culture that truly recognises the value from the companies that we have integrated over the years, and I am certain that Channell’s expertise will further enrich our unique know-how.”
Frederick Persson, Prysmian’s EVP Digital Solutions, added: “This acquisition enhances Prysmian’s capability to address the intricate and evolving needs of telecom operators and infrastructure providers, including FTTH deployment. By merging the extensive product expertise with proven infrastructure components, Prysmian and Channell are uniquely equipped to assist customers in future-proofing their networks and delivering dependable, high-speed broadband to more homes and communities. This is not just an acquisition – it is a strategic step forward and we’re committed to lead the industry as a solutions provider, helping our partners deploy networks that are smarter, faster and more cost-effective.”
In the Digital Solutions space, Prysmian says it is committed to supporting its customers by offering expertise and guidance on optimising network architecture. This approach empowers telecommunications providers to strengthen their market position by improving service quality while achieving greater cost efficiency. Prysmian’s Digital Solutions is part of its broader synergistic portfolio, including energy solutions.
Channell, which reported $320 million of net sales in 2024, complements Prysmian’s current Digital Solutions business thanks to Channell’s vertical integration, US manufacturing and commercial footprint, and product portfolio of vaults, fibre optics, thermoplastic enclosures and metal enclosures. Channell’s customer base includes leading operators across the Telecommunications, Broadband, Utility and Power sectors.
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