Fincantieri completes Xtera acquisition via Prysmian — led joint venture

Prysmian’s joint venture, 80% owned by Prysmian and 20% by Fincantieri, completed the acquisition of Xtera Topco. Xtera is a UK- and US-based provider of turnkey subsea telecommunications systems. The deal expands the Prysmian-Fincantieri partnership across subsea cable systems, optical engineering, and complex systems integration. Fincantieri is positioning itself for growth in subsea infrastructure tied to global connectivity, data centers, and AI-driven demand. The transaction is intended to broaden capabilities in subsea infrastructure development, monitoring, and protection. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Fincantieri S.p.A. published the original content used to generate this news brief on October 13, 2026, and is solely responsible for the information contained therein. (C)