History

From Pirelli Cavi to Prysmian
Prysmian's history has it roots in the history of the Pirelli group.
Technological know-how, the capacity for research and innovation, managerial skills and attention to human resources have always been the most significant elements in the competitiveness of the Pirelli group, together with its rigorous Ethical Code and an internationally renowned system of Corporate Governance. This prestigious DNA is now maintained throughout Prysmian.

1879 to 1998: geographical expansion and growth

1879 - A few years after the foundation of the Pirelli group, the activities of Pirelli Cavi e Sistemi commenced.
1886 - A manufacturing facility for the production of submarine telegraph cables is opened in La Spezia. A telegraph line is installed on the bed of the Red Sea.
1902 - The company's territorial expansion begins with the construction of its first overseas plant, in Spain. This is followed by the opening of new production plants in Great Britain (1914), Argentina (1917) and Brazil (1929).
1925 - Pirelli Cavi e Sistemi makes its first foray into America, with the laying of 5,150 km of trans-Atlantic submarine telegraph cable to connect Italy with the Americas. This is followed in the ensuing years by the installation of power cables in New York city and Chicago, the expansion into Brazil, the trans-oceanic link between northern Africa and Brazil and the start of cable production in Canada.
1950 - The Italian Ministry of Postal Services commissions to Pirelli Cavi e Sistemi the supply of cables for the interurban telephone network and for televisual communication. The Group is also awarded the contract for the reinstatement of the submarine telephone line between Italy and Brazil.
1982 - The Pirelli group becomes the first company in Italy to produce optical fibres for telecommunications and data transmission, setting up a joint venture with the STET group.

1998 to 2001: growth through acquisitions
In order to expand its commercial and industrial operation internationally, acquire specific know-how, strengthen its global presence and achieve economies of scale, the company launches a targeted "campaign of acquisitions". Pirelli Cavi e Sistemi acquires the power cable businesses of Siemens AG, BICC and Metal Manufacturers Ltd, and two NKF factories.

2001 to 2004: restructuring

2005: the founding of Prysmian Cables & Systems

Prysmian, indirectly controlled by The Goldman Sachs Group Inc., signed an agreement to purchase the Energy Cables and Systems and Telecom Cables and Systems activities of Pirelli & C. S.p.A. Formation of Prysmian Cables & Systems: a name that alludes to the concepts of light, analysis, brilliance and perfection associated with the geometric figure, and hence synonymous with excellence, research and reliability.

2007: Prysmian becomes a listed company
Prysmian becomes a listed company. The negotiations began on May the 3rd for Prysmian stock on the Milan Stock Exchange, in the Blue Chip segment.

2007 to 2010: Prysmian's clear strategy
The strenght in Prysmian's growth is achieved through a clear strategy of investment in high tech business opportunities for organic growth and in acquisitions in countries with a strong growth potential:
2007 Acquisition of International Wire & Cable Company Limited (IWC) in New Zealand;
2008 Acquisition of German cable manufacturer Facab-Lynen;
2009 Acquisition of Russian cable manufacturer Rybinsk Electrocabel;
2010 Jv with Ravin Cables Ltd, one of the most competitive Indian cable manufacturers.

2010: a public company
Following its new shareholder composition, Prysmian has now become a truly public company focused on value creation for all its stakeholders.