XTERA has been 100% owned by PRYSMIAN and FINCANTIERI since January 2026.

At what enterprise value was XTERA acquired in 2026?

During the acquisition of XTERA by PRYSMIAN / FINCANTIERI in 2026, the transaction's Enterprise Value is estimated to be in the range of €50–150M.

What was the EV/Revenue multiple of XTERA when it was acquired by PRYSMIAN / FINCANTIERI?

The estimated EV/Revenue multiple for XTERA is in the range of below 1.5x.

When was XTERA acquired by PRYSMIAN / FINCANTIERI?

XTERA was acquired by PRYSMIAN / FINCANTIERI in 2026.

What was the revenue of XTERA at the time of the deal?

The revenue of XTERA at the time of the deal is estimated to be in the range of €100–200M.

How is the data for the XTERA acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the XTERA deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.tradingsat.com/actualites/informations-societes/prysmian-acquiert-xtera-topco-via-une-coentreprise-avec-fincantieri-1153197.html

What is the average EV/EBITDA multiple for the Industry & Manufacturing sector in 2026?

The average EV/EBITDA multiple for the Industry & Manufacturing sector in 2026 is 11.7x.

← DATABASE

Home Database Industry & ManufacturingXTERA

01/2026

XTERA acquired by PRYSMIAN / FINCANTIERI

UNITED KINGDOM Industrial Equipment / Components / Cabling & Connectivity EV €50–150M

Context

Prysmian (80%) and Fincantieri (20%) have agreed to acquire Xtera from private equity firm H.I.G. Capital. This acquisition allows the Italian partners to offer a complete "one-stop-shop" solution for subsea telecommunications: Prysmian provides the cables, Xtera provides the electronic repeaters and system design, and Fincantieri provides the vessels and installation capabilities. The closing is expected in Q1 2026.

XTERA, which reported an EBITDA margin of [members only] in 2025, is valued in this transaction at an EV/EBITDA multiple of [members only], to compare with the average currently observed in the Industry & Manufacturing sector (11.7x).

-> Deep-dive in Industry & Manufacturing market trends

Target

Xtera is a global provider of subsea fiber optic solutions. It designs, installs, and commissions "turnkey" submarine cable systems. It is one of only five companies worldwide capable of delivering long-distance subsea networks, thanks to its proprietary repeater technology. The company employs ~60 people and generates high revenue per employee.

Ent. Value

€50–150M

Equity Value

[members only]

Multiples

EV / Revenue

below 1.5x

EV / EBITDA

[members only]

EV / EBIT

[members only]

Historical Financials (EUR)

Year

Rev

EBITDA

EBIT

2025

2024

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REFERENCES

Valuation range: EV €50–150M

Revenue range: €100–200M

EV/Revenue range: below 1.5x

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of XTERA by PRYSMIAN / FINCANTIERI are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Acquirer: fincantieri