DEAL ANNOUNCEMENT Published: October 21, 2025 | Category: Grid - Electrical Equipment Contents Key Points Deal Overview Transaction Terms Strategic Rationale Prolec GE Profile About the Companies References GE Vernova to Acquire Remaining 50% of Prolec GE Joint...
Prysmian Group Lays Deepest-Ever Submarine Cable in Boost to Italian Renewables
The cable will be used for the Tyrrhenian Link, a €3.7bn interconnection project key to the growth of Italian renewables and grid reliability. The link will connect Sicily and Sardinia with the Italian mainland.
NKT Acquires Portuguese Power Cable Company SolidAl for €192m
NKT has acquired SolidAl, a leading Portuguese manufacturer of power cables, for a total enterprise value of €192m (9.4x 2023 EV/EBITDA).