# Vard wins €200M contract to build cable layer for Prysmian

VARD, a subsidiary of Fincantieri, won a contract worth approximately €200 million to design and build a new cable laying vessel for Prysmian Group, scheduled for delivery in Q1 2025.

- Type: Contract
- Announced: 2022-11-23
- Where: Norway
- Value: $205.3M (200.0M EUR)
- Status: announced
- Products: cable laying vessel
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Prysmian](https://endata.com/companies/968.md) (customer)
- [Fincantieri](https://endata.com/companies/1689.md) (partner)
- [VARD](https://endata.com/companies/4603.md) (supplier)

## Sources

- [marinetechnologynews.com](https://www.marinetechnologynews.com/news/build-second-cable-layer-624198), 2022-11-23: "VARD, a subsidiary of the Italian shipbuilding group Fincantieri, said it has won a contract worth approximately €200 million ($205.3 million) to design and build a new cable laying vessel for Prysmian Group."

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