CLICK TO WATCH : ‘ PRYSMIAN GROUP AND GENERAL CABLE JOIN FORCES ’ 17 agrees : “ Setting up the new organization was only a part of the work that had to be done . We ’ re now starting the discussions about merging the ERP systems and the tools we need .”
Following its acquisition by Goldman Sachs in 2005 , the former Pirelli Cables & Systems ( where Schulties also worked prior to General Cable ) was renamed Prysmian . “ The company has grown tremendously in the past year ,” explains Alivia . “ We generate approximately $ 4.1bn in revenue in North America , which was more or
less what the legacy Pirelli company was doing globally . All of the challenges are mastered here . Since the acquisition , we ’ ve been working to bring these two entities together . North America is where the bulk of the general cable business was and so this is where the majority of the effort has been placed .” That effort has included the integration of 5,000 staff while managing fixed costs , something that has been key to Prysmian ’ s success as a lean organization .
Schulties admits a $ 3bn acquisition invites a period of instability .
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