(Corrects to say Prysmian will generate more than €10 billion in additional cumulative revenue from a broader set of deals and initiatives, not only the Molex agreement, in third bullet.)ROME, July 20 : Italian cable maker Prysmian said on Monday it had signed a long-term agreement worth up to €5.5 billion ($6.4 billion) with Molex, a Koch-owned electronics company, as it stepped up its push into the fast-growing data centre market.• The deal runs for up to 10 years and includes a €550 million upfront payment and covers the supply of optical cables used inside data centres, Prysmian said in a statement.• The agreement is part of a broader set of deals and commercial initiatives with hyperscalers and data centre infrastructure providers.
• These deals could generate more than €10 billion in additional cumulative revenue by 2035 compared with 2025.• The initiatives are expected to deliver as much as €1.1 billion in annual revenue from 2031.• To support demand driven by AI infrastructure and data centre upgrades, Prysmian will more than double fibre capacity in the U.S.• The company will invest €1.25 billion through 2031 to expand optical cable and fibre production in the U.S. and Europe.• The plans will create more than 1,000 jobs globally, including about 600 in the U.S.• Chief Executive Massimo Battaini described the investment and agreements as a "transformative moment" for Prysmian's Digital Solutions business.
