Prysmian strengthens its position in Poland and acquires a stake in EKSA

The agreement provides that Prysmian acquires a 20% stake with the possibility in the future to further enlarge its share in EKSA.

Prysmian Cables & Systems (the former Pirelli Cables passed under the control of Goldman Sachs Capital Partners in 2005) strengthens its presence in Poland by acquiring a stake in the company EKSA SP. ZO. O., the market leader in the sector of the distribution of Energy and Telecoms cables and systems.

The agreement, which was signed by Mr Fabio Romeo, Prysmian Energy Business Director, and the 3 partners of EKSA, provides that Prysmian acquires a 20% stake with the possibility in the future to further enlarge its share in EKSA. For Prysmian, the scope of this operation is to consolidate its market presence in Poland, to satisfy the needs of this promising market by providing answers more and more adequate, in terms of logistic service, technical support and wide product range. By EKSA partnership, Prysmian aims to increase sales volume in the Polish market, in order to reach about 30 million euros in two-year time.

The Polish market is valued about 250 million euros with a growth forecast in the next 3 years of 3% per year. Such an estimate is based on the country’s need for new civil and industrial infrastructures and for the renewal of the transmission network, actually mainly made of old paper cables. Customers are showing a growing interest in suppliers capable to offer technological advanced cables. EKSA will be the preferred partner into the Polish market.

Prysmian has been operating in Poland for some time as a partner of important customers, both in the Utilities sector and in the Trade sector. Beyond confirming the high potential set on the Polish market, the acquisition of EKSA is a consequence of Prysmian’s strategy of being more and more close to its target markets.