Italian cable manufacturer Prysmian announced Monday that it has reached a long-term supply agreement with Molex, an electronics firm owned by Koch Industries, valued at up to €5.5 billion — roughly $6.4 billion — marking a major step in the company’s expansion into the data center market.
The agreement spans up to 10 years and comes with an upfront payment of €550 million. It covers the supply of optical cables used within data center facilities, according to a company statement.
The Molex deal is one component of a broader collection of agreements and commercial initiatives Prysmian is pursuing with hyperscalers and data center infrastructure providers. Together, these efforts could produce more than €10 billion in additional cumulative revenue by 2035 compared to 2025 levels, and are projected to deliver up to €1.1 billion in annual revenue starting in 2031.
To keep pace with surging demand driven by artificial intelligence infrastructure and data center expansion, Prysmian plans to more than double its fiber production capacity in the United States. The company has committed €1.25 billion in investment through 2031 to grow its optical cable and fiber manufacturing operations across both the U.S. and Europe.
The expansion is expected to create more than 1,000 jobs worldwide, with approximately 600 of those positions based in the United States.
Chief Executive Massimo Battaini called the combined investment and agreements a “transformative moment” for Prysmian’s Digital Solutions division.
