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Italy's Prysmian is reportedly in advanced talks to acquire the US-based electrical manufacturing company Atkore Inc., according to people familiar with the matter. The potential deal comes as Prysmian continues to expand its global operations in the electrical manufacturing sector. The specifics of the takeover are yet to be disclosed, however industry analysts believe this move would significantly enhance Prysmian's presence in the electrical manufacturing space. Further details on the acquisition are yet to be confirmed.
This development marks another significant step in Prysmian's strategic expansion, analysts say. With Prysmian pushing to consolidate its position in the global market, this acquisition appears to be a strategic move that would expand its global reach.