Prysmian completed the acquisition of Dutch cable maker Draka, a deal it later described as broadening its submarine-cable and offshore-wind offerings. The merger helped Prysmian combine manufacturing, technology, and project execution skills needed for large undersea power links.
Prysmian was awarded a turnkey contract for the North Sea Link interconnector between Norway and the UK. The project involved about 950 km of HVDC (high-voltage direct current) submarine and land cable, reinforcing Prysmian’s role in very long-distance undersea power transmission.
Prysmian and General Cable announced a definitive merger agreement for Prysmian to acquire General Cable for $30 per share in cash. The deal was positioned as a way to expand Prysmian’s global industrial footprint and strengthen its market presence, including in energy and telecom cables.
Prysmian completed its acquisition of General Cable, bringing the company fully into the group. This consolidation supported Prysmian’s strategy to scale manufacturing and services, including the delivery of large infrastructure and submarine cable projects.
Prysmian secured a contract to design and supply a 115 kV submarine cable system connecting Deer Island to the mainland grid in Massachusetts. The project highlighted the company’s push to grow in the U.S. interconnection market after the General Cable acquisition.
Prysmian announced completion of qualification testing for two 525 kV extruded HVDC land cable systems using P-Laser and XLPE insulation. This mattered because higher-voltage extruded DC cables can transmit more power over long distances, supporting major grid-upgrade and renewables integration projects.
Prysmian received a letter of award from National Grid Viking Link Limited and Energinet for the Viking Link HVDC interconnector between the UK and Denmark. The contract covered design, manufacturing, and installation of cable for the submarine route and included major UK-side land cables, marking one of Prysmian’s flagship interconnector wins.
Prysmian reported progress on its new cable-laying vessel, Leonardo da Vinci, including steel cutting and keel laying at VARD shipyards. The company said the vessel would expand in-house installation capacity and support complex subsea projects such as interconnectors and offshore wind export cables.
Prysmian announced the delivery of Leonardo da Vinci, describing it as a highly capable cable-laying vessel built by VARD. Prysmian linked the vessel directly to large-scale subsea power builds by assigning its first mission to the Viking Link interconnector.
Prysmian announced investment in a new cable-laying vessel designed with three carousels totaling about 19,000 tonnes of cable capacity and planned DP3 (dynamic positioning) capability. Prysmian framed the move as support for global power-grid upgrades and the energy transition, extending the fleet expansion that began with Leonardo da Vinci and Monna Lisa.
Viking Link, the UK–Denmark interconnector, commenced commercial operations on 29 December 2023 under the UK’s cap-and-floor regulatory regime. This milestone turned years of manufacturing and offshore installation work into an operating cross-border electricity connection.
Prysmian unveiled its Monna Lisa cable-laying vessel as fully operational and also highlighted expansion of its Pikkala, Finland submarine-cable factory. Together, the vessel and factory investment signaled a coordinated strategy: more manufacturing throughput plus more installation capacity to deliver a growing pipeline of undersea transmission projects.
Prysmian announced that Monna Lisa received the “Ship of the Year 2025” award from the Norwegian trade magazine Skipsrevyen. Prysmian emphasized the vessel’s deep-water installation capability and large cable-loading capacity, reflecting how installation technology has become a key competitive factor in undersea cable projects.
Prysmian Group submarine cable projects and technology developments (2005–present)