A Union that Brings
us to the Future

Global scenario

A Union that Brings us to the Future

The union of Prysmian Group and General Cable presents a unique opportunity for growth, extending our market reach to provide the cables and systems through which power and information are distributed across the world. At the core of this goal lies advanced technology and the excellence of our people.

The meeting was held in the permanent installation The Seven Heavenly Palaces 2004-2015 by Anselm Kiefer in Pirelli Hangar Bicocca.

THE FUTURE IS NOW. OUT IN FRONT. TOGETHER.

While the integration between Prysmian and General Cable will undoubtedly help us reach our ambitious goals, it’s not without its challenges. Shortly after the merger announcement, some 450 senior leaders gathered in Milan to attend a major event focused on the new strategy of the combined Group.

While the integration between Prysmian and General Cable will undoubtedly help us reach our ambitious goals, it’s not without its challenges. Shortly after the merger announcement, some 450 senior leaders gathered in Milan to attend a major event focused on the new strategy of the combined Group.

The first meeting was focused on understanding and adhering to the new strategy of the combined Group, including regions, business units and corporate function interaction, along with a new corporate culture and new ways of working. The meeting gave the senior members of both groups the opportunity to acquaint themselves with each other, both at professional and personal level, while creating a sense of immediate responsibility for the result of the new organisation.

The discussion on the One Company concept was introduced by CEO Valerio Battista, who also took up some questions in the Q&A session. The top management responsible for HR and Organisation, Finance, Operations and R&D reviewed in depth the merger implications by function, while Regions’ responsible management explained the impact over the different areas. Andreas Willi of J.P. Morgan and Mark Troman of Bank of America Merrill Lynch gave voice to the financial markets’ view of the deal. The cultural fit of the two companies was also explored under several aspects, while the brand strategy was illustrated as well. In the second and last day of the event, two separate breakout sessions were devoted to the businesses, led by the top management responsible for Energy, Telecom and Projects. Participants had also the occasion to engage in some team activities and to visit the headquarters along with the R&D center.

Participants felt empowered and became therefore ambassadors of the new course in terms of values, strategy, and next steps to take as when back at work in their own countries. The challenges they are dealing with are key for the future of the Group, and include the integration of different corporate and country cultures, ensuring the new organisation is functioning well and understood by all, while building a strong level of trust among all people of the combined Group.

Charting the history of the Cable Industry

The history of General Cable and Prysmian Group marks the beginning of the entire cable industry itself. Both early adopters and pioneers, our innovative spirit has driven and defined market standards. Through a combination of bold thinking and focused action, we’ve redefined what’s possible, gaining strength from our strategic alliances and making the most of opportunities to expand our capabilities and foot-print all around the world.

A Six-Step Journey Towards Integration

  • December 4, 2017
    Prysmian Group and General Cable Corporation announce that they have entered into a definitive merger agreement.
  • February 16, 2018
    General Cable’s  shareholders approved  the integration with  Prysmian Group
  • March 8, 2018
    The integration with General Cable Corporation was cleared for U.S.  antitrust purposes
  • June 6, 2018
    Prysmian and General Cable announce  the closing of transaction, subject to  the satisfaction or waiver of the remaining customary conditions to closing set forth  in the merger agreement between the parties
  • June 11, 2018
    Prysmian Group  announces the launch  of its new organisation
  • June 19 - 20, 2018
    450 Senior people of the new integrated Group meet nearby the Prysmian headquarters in Milan, Italy, to understand an adhere to the strategy of the new organization

A Footprint that Marked the Global Landscape

Powering the World’s Highest Building

Standing 830 metres tall, the height of Dubai’s Burj Khalifa is incredible. Even more amazing is the fact that if you put all the Prysmian Group cables used to power it end-to-end, they’d be 1,300 times taller than the tower itself.

The Valuable of Being Flexible

General Cable’s dual sheath All Ground cable can be laid in water or shallow ground, removing the need for extensive backfilling – while the speed of installation means it can be used right away, powering the construction of the very sites it will one day serve – as it was with Norway’s Vassenden power station.

Going Submarine

Whether it’s power or communications, the ability to span oceans with cables connects communities the world over. Three unique Prysmian Group vessels lay many of these cables. The latest addition to our fleet is the Ulisse, custom designed to lay up to 7,000 tonnes of cable at a time. Her maiden project is the 22 km Negros-Panay high voltage connection in the Philippines, our first in the region.

Helping Pioneer Wind Farms in Peru

Think farming in Peru, and alpacas spring to mind. but General Cable products are helping Peruvian innovators farm the power of the wind – a first for the nation. Created in partnership with CJ Renewables and Enel, the Wayra I project is made up of 42 wind turbines, which will generate enough power for 480,000 Peruvian households.

Enabling Broadband in the Amazon Region

As the government of Brazil’s Pará region work to improve communications in rural areas, 600,000 residents in 12 municipalities along the Xingu river will soon be able to enjoy internet speeds of up to 10 Gbps, thanks to 400 km of Prysmian Group’s state of the art optic cables.

When Zero can be a Record Number

When it comes to numbers, zero is usually bad news. But not when it comes to safety. Zero accidents, zero injuries at work, zero fatalities, zero illnesses in our team or our communities as a result of our work. General Cable’s Zero and Beyond program is setting the benchmark for a goal we should all strive for.

WAYRA I PROJECT,  Peru

42 wind turbines enough energy produced to cover 480,000 households