Prysmian Signs €5.5 Billion Molex Deal in Data Center Push
The 10-year pact includes a €550 million upfront payment and could help Prysmian generate more than €10 billion in extra revenue by 2035.
- On Monday, Italian cable maker Prysmian signed a 10-year agreement worth up to €5.5 billion with Molex, a Koch-owned electronics company, to supply optical cables for AI data centers.
- Betting on AI-driven demand, Prysmian positions itself as a 'one stop shop' for data centers, targeting cumulative revenue of €10 billion by 2035 through broader commercial initiatives.
- To support this growth, the company will invest €1.25 billion through 2031 to expand optical cable production in the U.S. and Europe, creating more than 1,000 jobs globally, including about 600 in the U.S.
- Molex provided a €550 million upfront payment, a rare cash commitment in a sector where most deals are forecasts. Chief Executive Massimo Battaini called the investment a 'transformative moment' for the business.
- Rising energy demand and AI infrastructure upgrades are driving hyperscaler capital spending to record levels, pulling more optical cable into new builds. Prysmian's shares rose more than 2%, with analysts citing greater profit margin certainty.
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Prysmian Locks in €5.5 Billion Molex Pact as AI Demands Flood Data Center Wiring
ROME — Prysmian struck a deal worth up to €5.5 billion with Molex. The agreement runs as long as 10 years. It includes a €550 million payment from Molex right away. The Italian cable maker will deliver optical cables for installation inside AI-driven data centers. Short sentence. Yet the numbers tell a longer story of surging demand that few suppliers can fully meet. The pact announced Monday marks more than a single transaction. It anchors Prys…
Molex, controlled by Koch, has concluded an agreement of up to $6.29 billion for the supply of cables to data centers with the Italian Prysmian, which seeks to strengthen its fiber capacity in the United States with a possible listing in sight. Exclusive material for subscribers. To have full access, access the link of the material and register.
The Economic Times
Times of IndiaPrysmian signs €5.5 billion Molex deal in data center push
Italian cable maker Prysmian signed a deal with Molex for fiber optic cables. This agreement is valued up to five point five billion euros and spans ten years. Prysmian will invest one point two five billion euros to expand its production capacity. This investment will create one thousand new jobs globally, with six hundred in the United States. The company anticipates substantial annual revenue increases from this strategic expansion.
Prysmian signs €5.5bn fibre deal with Molex to wire AI data centres
Prysmian has signed a €5.5bn, 10-year agreement with Molex, the Koch Industries-owned connector and cable maker, to supply optical cable for use inside AI data centres. Unusually for a supply deal of this size, Molex is putting €550m on the table upfront, a rare piece of cash certainty in a market where most commitments arrive […] This story continues at The Next Web
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