Prysmian closes Xtera deal as Stellantis shipments fall - 13 October 2026

Prysmian Daily News Update · Oct 13, 2026 · 2m

As of October 13, today’s news highlights Prysmian's strategic acquisition and the evolving landscape in the automotive and tech industries. Prysmian has completed the acquisition of Xtera, a UK-and U.S.-based specialist in turnkey submarine telecom systems, through the joint venture between Prysmian (80%) and Fincantieri (20%). The closing marks a significant step in Prysmian’s expansion in submarine telecommunications, combining Xtera’s proprietary repeater technology and expertise in regional and long-haul systems with Prysmian’s leadership in submarine cable technology, manufacturing and…