On October 19, 2026, Prysmian S.p.A., an Italian company, completed the acquisition of Atkore Inc. This merger, valued at approximately $3.3 billion, has significant implications for the electrical machinery industry.
Atkore Inc. is a Delaware-based company primarily engaged in the manufacturing of miscellaneous electrical machinery, equipment, and supplies. It trades under the ticker symbol ATKR on the New York Stock Exchange (NYSE).
The SEC filing reveals that the merger was executed under the terms of a previously announced Agreement and Plan of Merger, dated August 2, 2026. Following the merger, Atkore will operate as a wholly owned subsidiary of Prysmian.
As part of the merger, Atkore terminated its existing credit facilities and repaid all obligations associated with them. Additionally, the company redeemed its outstanding 4.25% Senior Notes due 2031, amounting to $400 million, at a premium.
The merger led to a change in control of Atkore, with existing directors and officers ceasing their roles. New appointments include Andrea Pirondini as President and CEO, and Saskia Maria Veerkamp as Vice President.
The filing also indicates that Atkore's stock will be delisted from the NYSE, with trading halted prior to the merger's closing. The company has requested the NYSE to withdraw its stock listing and file a Notification of Removal from Listing.
In summary, the acquisition by Prysmian S.p.A. represents a strategic move in the electrical machinery sector, potentially reshaping competitive dynamics. The filing does not specify what happens next.