Prysmian announced that it will acquire ACSM, a Spanish company specialising in subsea surveying and cable installation solutions.
The transaction is valued at €169 million ($183 million), which includes €24 million in capital expenditure for a vessel delivered in the final quarter of 2025. Prysmian stated that the closing of the deal is expected by February.
The acquisition will be funded using cash from Prysmian's balance sheet and is intended to bring route planning and seabed preparation activities in-house. ACSM, headquartered in Vigo, Spain, reported 2024 revenues of €62 million and an EBITDA of €22 million. Its net debt was €14.4 million as of December 31, 2024.
Raul Gil, Executive Vice President Transmission at Prysmian, noted that the acquisition allows the company to deliver "optimised installation and burial processes".
ACSM provides services including route clearance, the removal of unexploded devices, and the installation of concrete mattresses to secure cables. The company operates three vessels along with a suite of unmanned underwater robots and trenching machines.
ACSM has previously acted as a supplier for Prysmian on several subsea projects. Prysmian indicated it will also utilise ACSM’s expertise in salvage, rescue, and research and development.
