The Wall Street Journal reports that Atkore, a U.S.-listed maker of electrical infrastructure products, has agreed to be acquired by Italy’s Prysmian for a total enterprise value of $3.8 billion, including debt. The transaction offers Atkore shareholders a premium near 30 % over the closing price of $72.96 on Friday, translating into roughly $95 in cash per share.

Prysmian, a global cable producer, plans to merge its portfolio with Atkore’s offerings to strengthen its footprint in the fast‑growing North American data‑center market. The deal is expected to create synergies in both product development and distribution, leveraging Prysmian’s scale with Atkore’s local expertise.

The acquisition is part of Prysmian’s strategy to broaden its presence in the United States and tap into the expanding demand for high‑capacity cabling in data‑center facilities. By combining resources, the companies aim to deliver integrated solutions that meet the evolving needs of cloud providers and enterprise IT operators.

Investors and industry observers are watching closely to see how the integration will unfold, particularly whether the combined entity can maintain the growth trajectory of both firms while navigating regulatory and operational challenges.