Panduit affirms PanGen partnership after Prysmian’s acquisition of General Cable
Prysmian closed its acquisition of General Cable in June; Panduit says its partnership with General Cable remains unchanged.
On June 6, Prysmian completed its acquisition of General Cable and on June 11, the company described its plans to integrate the two companies. At that time, Prysmian’s chief executive officer Valerio Battista stated, “We are proud to have established our second home region in the United States, contributing to the development of the country’s economy with our best technologies and expertise. Today, we begin to operate as a single team with shared objectives, integrating the two companies’ cultures, business segments, geographical markets, production facilities and staff functions. Protecting our business and creating value—these are our priorities.”
General Cable has a long-standing partnership with Panduit. Panduit recently stated that this partnership “is strengthened by the merger. Panduit and General Cable have gone to market in North America with a PanGen-branded solution for more than 14 years.”
Tom Kelly, vice president of Panduit’s enterprise business, commented, “Panduit is excited about the future of PanGen. The Prysmian acquisition will bring additional strengths to the PanGen partnership with Prysmian’s global footprint and increased fiber offerings. Customers who use the PanGen solution will find it is business as usual with the merger now complete. Panduit has had a long-standing relationship with General Cable and Prysmian, and this acquisition will only strengthen our partnership into the future.”