# 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.

- Type: Acquisition
- Announced: 2025-12-29
- Value: $65.0M
- Status: announced
- Products: submarine telecommunications systems
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Prysmian](https://endata.com/companies/968.md) (acquirer)
- [Fincantieri](https://endata.com/companies/1689.md) (acquirer)
- [H.I.G. Capital](https://endata.com/companies/2117.md) (investor)
- [H.I.G. Capital](https://endata.com/companies/2117.md) (partner)
- [Xtera](https://endata.com/companies/89375.md) (target)
- [Xtera Topco Limited](https://endata.com/companies/89444.md) (target)

## Sources

- [en.ilsole24ore.com](https://en.ilsole24ore.com/art/prysmian-fincantieri-submarine-telecommunications-alliance-AIcmmUc), 2025-12-29: "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."
- [wireworld.com](https://wireworld.com/wirenews/xtera-to-be-acquired-by-a-joint-venture-between-prysmian-and-fincantieri.html), 2026-01-04: "A Prysmian led joint venture with Fincantieri has signed an agreement to acquire Xtera Topco Limited ('Xtera'), a UK and US-based leader in turnkey submarine telecom systems"

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.