The Italy-based and Milan-listed cable specialist Prysmian Group (Prysmian) acquires ACSM, a Spain-based expert in solutions for submarine cable installation, including subsea surveying, route planning and seabed preparation activities with over 20 years of experience in the offshore cable sector.
According to Prysmian, the transaction value is €169m (factoring in €24m in capex for a vessel delivered to ACSM in Q4’25), subject to a customary adjustment mechanism based on ACSM’s net financial position, working capital, and capex.
The transaction will be funded using cash available on Prysmian’s balance sheet. The closing of the transaction is expected by February 2026.
ACSM, based in Vigo, Spain, has been operating for over 20 years across 60 countries, with over 350 employees and a track record of hundreds of completed subsea operations.
Raul Gil, EVP Transmission at Prysmian, said: “When the world thinks of submarine cables, they think of Prysmian, and this acquisition is another significant step forward. We gain the know-how of over 350 experts in subsea surveying and preparation, three dedicated vessels and essential equipment while strengthening our offer as a one-stop shop for customers.”
