Integration of General Cable and Prysmian Group powers solid performance of MMS in North America
MMS Business Unit Director Patrick Jacobi discusses how he and his team will build on strengths in the North American market created by the integration
THIS WEBSITE (AND THE INFORMATION CONTAINED HEREIN) DOES NOT CONTAIN OR CONSTITUTE AN OFFER OF SECURITIES FOR SALE, OR SOLICITATION OF AN OFFER TO PURCHASE OR SUBSCRIBE FOR SECURITIES, IN THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN OR ANY OTHER COUNTRIES WHERE SUCH AN OFFER OR SOLICITATION WOULD REQUIRE THE APPROVAL OF LOCAL AUTHORITIES OR OTHERWISE BE UNLAWFUL (THE “OTHER COUNTRIES”). ANY PUBLIC OFFERING WILL BE CONDUCTED IN ITALY PURSUANT TO A PROSPECTUS, DULY AUTHORIZED BY CONSOB IN ACCORDANCE WITH APPLICABLE REGULATIONS. THE SECURITIES REFERRED TO HEREIN HAVE NOT BEEN REGISTERED AND WILL NOT BE REGISTERED IN THE UNITED STATES UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR PURSUANT TO THE CORRESPONDING REGULATIONS IN FORCE IN THE OTHER COUNTRIES AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO “U. S. PERSONS” UNLESS SUCH SECURITIES ARE REGISTERED UNDER THE SECURITIES ACT, OR AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT IS AVAILABLE. THE COMPANY DOES NOT INTEND TO REGISTER ANY PORTION OF ANY OFFERING IN THE UNITED STATES.
ANY OFFER OF SECURITIES IN ANY MEMBER STATE OF THE EUROPEAN ECONOMIC AREA (“EEA”) WHICH HAS IMPLEMENTED THE PROSPECTUS DIRECTIVE (EACH, A “RELEVANT MEMBER STATE”), WILL BE MADE ON THE BASIS OF A PROSPECTUS APPROVED BY THE COMPETENT AUTHORITY AND PUBLISHED IN ACCORDANCE WITH THE PROSPECTUS DIRECTIVE (THE “PERMITTED PUBLIC OFFER”) AND/OR PURSUANT TO AN EXEMPTION UNDER THE PROSPECTUS DIRECTIVE FROM THE REQUIREMENT TO PUBLISH A PROSPECTUS FOR OFFERS OF SECURITIES.
ACCORDINGLY, ANY PERSON MAKING OR INTENDING TO MAKE ANY OFFER OF SECURITIES IN A RELEVANT MEMBER STATE OTHER THAN THE PERMITTED PUBLIC OFFER, MAY ONLY DO SO IN CIRCUMSTANCES IN WHICH NO OBLIGATION ARISES FOR THE COMPANY OR ANY OF THE JOINT GLOBAL COORDINATORS OR ANY OF THE MANAGERS TO PUBLISH A PROSPECTUS PURSUANT TO ARTICLE 3 OF THE PROSPECTUS DIRECTIVE OR SUPPLEMENT A PROSPECTUS PURSUANT TO ARTICLE 16 OF THE PROSPECTUS DIRECTIVE, IN EACH CASE, IN RELATION TO SUCH OFFER.
THE EXPRESSION “PROSPECTUS DIRECTIVE” MEANS DIRECTIVE 2003/71/EC (THIS DIRECTIVE AND AMENDMENTS THERETO, INCLUDING DIRECTIVE 2010/73/EC, TO THE EXTENT IMPLEMENTED IN THE RELEVANT MEMBER STATE, TOGETHER WITH ANY IMPLEMENTING MEASURES IN ANY MEMBER STATE). INVESTORS SHOULD NOT SUBSCRIBE FOR ANY SECURITIES REFERRED TO IN THIS DOCUMENT EXCEPT ON THE BASIS OF INFORMATION CONTAINED IN ANY PROSPECTUS.
Confirmation that the certifying party understands and accepts the above disclaimer.
The information contained on this section is for information purposes only and are not intended for or open to access by anyone who is in or who is resident in the USA, Australia, Canada, Japan or in any of the Other Countries. I declare that I am not resident or located in United States, Australia, Canada or Japan or any Other Countries and I am not a “U.S. Person” (according to Regulation S of the Securities Act). I have read and understood the above disclaimer. I understand that it may affect my rights. I agree to be bound by its terms.
QUESTO SITO WEB (E LE INFORMAZIONI IVI CONTENUTE) NON CONTIENE NÉ COSTITUISCE UN'OFFERTA DI VENDITA DI STRUMENTI FINANZIARI O UNA SOLLECITAZIONE DI OFFERTA DI ACQUISTO O SOTTOSCRIZIONE DI STRUMENTI FINANZIARI NEGLI STATI UNITI, IN AUSTRALIA, CANADA O GIAPPONE O IN QUALSIASI ALTRO PAESE NEL QUALE L’OFFERTA O SOLLECITAZIONE DEGLI STRUMENTI FINANZIARI SAREBBERO SOGGETTE ALL’AUTORIZZAZIONE DA PARTE DI AUTORITÀ LOCALI O COMUNQUE VIETATE AI SENSI DI LEGGE (GLI “ALTRI PAESI”). QUALUNQUE OFFERTA PUBBLICA SARÀ REALIZZATA IN ITALIA SULLA BASE DI UN PROSPETTO, APPROVATO DA CONSOB IN CONFORMITÀ ALLA REGOLAMENTAZIONE APPLICABILE. GLI STRUMENTI FINANZIARI IVI INDICATI NON SONO STATI E NON SARANNO REGISTRATI AI SENSI DELLO U.S. SECURITIES ACT DEL 1933, COME SUCCESSIVAMENTE MODIFICATO (IL “SECURITIES ACT”), O AI SENSI DELLE CORRISPONDENTI NORMATIVE VIGENTI NEGLI “ALTRI PAESI” E NON POSSONO ESSERE OFFERTI O VENDUTI NEGLI STATI UNITI O A “U.S. PERSONS” SALVO CHE I TITOLI SIANO REGISTRATI AI SENSI DEL SECURITIES ACT O IN PRESENZA DI UN'ESENZIONE DALLA REGISTRAZIONE APPLICABILE AI SENSI DEL SECURITIES ACT. NON SI INTENDE EFFETTUARE ALCUNA OFFERTA AL PUBBLICO DI TALI STRUMENTI FINANZIARI NEGLI STATI UNITI.
QUALSIASI OFFERTA DI STRUMENTI FINANZIARI IN QUALSIASI STATO MEMBRO DELLO SPAZIO ECONOMICO EUROPEO (“SEE”) CHE ABBIA RECEPITO LA DIRETTIVA PROSPETTI (CIASCUNO, UN “STATO MEMBRO RILEVANTE”) SARÀ EFFETTUATA SULLA BASE DI UN PROSPETTO APPROVATO DALL’AUTORITÀ COMPETENTE E PUBBLICATO IN CONFORMITÀ A QUANTO PREVISTO DALLA DIRETTIVA PROSPETTI (L’“OFFERTA PUBBLICA CONSENTITA”) E/O AI SENSI DI UN’ESENZIONE DAL REQUISITO DI PUBBLICAZIONE DI UN PROSPETTO PER OFFERTE DI STRUMENTI FINANZIARI PREVISTA DALLA DIRETTIVA PROSPETTI.
CONSEGUENTEMENTE, CHIUNQUE EFFETTUI O INTENDA EFFETTUARE UN’OFFERTA DI STRUMENTI FINANZIARI IN UNO STATO MEMBRO RILEVANTE DIVERSA DALL’“OFFERTA PUBBLICA CONSENTITA” PUÒ FARLO ESCLUSIVAMENTE LADDOVE NON SIA PREVISTO ALCUN OBBLIGO PER LA SOCIETÀ O UNO DEI JOINT GLOBAL COORDINATOR O DEI MANAGER DI PUBBLICARE RISPETTIVAMENTE UN PROSPETTO AI SENSI DELL'ARTICOLO 3 DELLA DIRETTIVA PROSPETTO O INTEGRARE UN PROSPETTO AI SENSI DELL'ARTICOLO 16 DELLA DIRETTIVA PROSPETTO, IN RELAZIONE A TALE OFFERTA.
L'ESPRESSIONE “DIRETTIVA PROSPETTI” INDICA LA DIRETTIVA 2003/71/CE (TALE DIRETTIVA E LE RELATIVE MODIFICHE, NONCHÉ LA DIRETTIVA 2010/73/UE, NELLA MISURA IN CUI SIA RECEPITA NELLO STATO MEMBRO RILEVANTE, UNITAMENTE A QUALSIASI MISURA DI ATTUAZIONE NEL RELATIVO STATO MEMBRO). GLI INVESTITORI NON DOVREBBERO SOTTOSCRIVERE ALCUNO STRUMENTO FINANZIARIO SE NON SULLA BASE DELLE INFORMAZIONI CONTENUTE NEL RELATIVO PROSPETTO.
Conferma che il certificante comprende e accetta il disclaimer sopraesposto.
I documenti contenuti nella presente sezione hanno esclusivamente finalità informative e non sono diretti o destinati all'accesso da parte di persone che si trovano o sono residenti negli Stati Uniti, in Australia, Canada o Giappone o uno degli Altri Paesi. Dichiaro di non essere soggetto residente o trovarmi negli Stati Uniti, in Australia, Canada o Giappone o uno degli Altri Paesi e di non essere una “US person” (ai sensi della Regulation S del Securities Act). Ho letto e compreso il disclaimer sopraesposto. Comprendo che può condizionare i miei diritti. Accetto di rispettarne i vincoli.
MMS Business Unit Director Patrick Jacobi discusses how he and his team will build on strengths in the North American market created by the integration
The merger of Prysmian Group and General Cable in 2018 has brought together two very complementary sets of cable products particularly in North America. Prysmian was strong in optical fibers, whereas General Cable was focused on copper products with GenSPEED as a leading brand for Category Cables.
“The fact that we have complementary product sets has done a couple of things for us,” says Patrick Jacobi, MMS Business Unit Director at the Group’s NA headquarters in Highland Heights. “One is that we now have a full product portfolio for enterprise applications. General Cable had a strong copper product offering, sales force structure and distributor relationships. Integrating with Prysmian Group’s strength on optical fiber cables, has allowed us to leverage the historical expertise of both organizations.”
The integration called for building new relationships, and creating a new level of understanding about the synergies flowing from the combination. The team “has done very well in creating synergies at global and local levels,” says Pat.
In addition to a broader product portfolio and new manufacturing capacity, the group has leveraged branding and General Cable’s product legacy in the MMS market by combining the entire MMS portfolio under the GenSPEED Brand and rebranding the optical fibre product coming out of Prysmian’s North Carolina plant as GenSPEED Fiber, resulting in an expanded copper & fibre full offering.
The challenge now for MMS in North America is to build on the strength of this combination.
MMS Business Unit Director
Jacobi believes that the demand for additional communications bandwidth and increasingly connected devices will call for further enhanced products in the North American market.
“Our positive result in 2019 was driven by our 10 Gig Category 6A genspeed,” he said. “We recently released a series of enhancements to our Cat 6A offerings with the launch of GenSPEED 10 MTP and UTP Cat 6A Cables for Riser/CMR applications; GenSPEED 10 UTP Category 6A Indoor/Outdoor Cable and a new Pull-Pac® packaging for Category 6A products. With these, and new developments to come, we continue to look for ways to enhance our GenSPEED product portfolio and provide real value to our customers,” said Pat.
This website uses analytics cookies to improve your experience. Find out more and set your cookie preferences here. By continuing to use our site or clicking “Allow” you consent to use our cookies.