Prysmian signs €5.5 billion Molex deal in data centre push

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.


* Prysmian said the ⁠agreement 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.