Prysmian and Fincantieri joint venture to acquire Xtera for $65M

A joint venture led by Prysmian (80%) with Fincantieri (20%) signed an agreement to acquire Xtera, a UK- and US-based submarine telecommunications systems company, from H.I.G. Capital for an enterprise value of $65 million. Completion is expected in Q1 2026.

“A joint venture led by Prysmian with Fincantieri has signed an agreement to acquire Xtera, a UK- and US-based company that is a leader in turnkey submarine telecommunications systems.”en.ilsole24ore.com

• 2 sources
• en.ilsole24ore.comAlliance between Prysmian and Fincantieri in submarine telecommunications - Il Sole 24 OREDec 29, 2025
• wireworld.comXtera To Be Acquired By A Joint Venture Between Prysmian | Wire World InternetJan 4, 2026

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