Hera Group and Ascopiave merge Asco TLC into Acantho
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The merger leads to the strengthening of Acantho's position in the IT-TLC sector: thanks to Asco TLC's cutting-edge skills and infrastructure, the digital company expands its assets and services, becoming a multi-regional operator able to provide its customers with more innovative, efficient, reliable and competitive solutions, both in terms of cost and sustainability.
The Hera Group and the Ascopiave Group have today approved the merger of Asco TLC into Acantho at the extraordinary shareholders' meetings of the subsidiaries held today.
The expected contribution to the growth of Acantho's EBITDA, and thus to the Hera Group's consolidated EBITDA as parent company, is at least EUR 4 million, to which the resulting synergies will be added.
The merger follows the acquisition of 92% of Asco TLC finalised by Acantho and Ascopiave on 14 March 2023 and the previous awarding of the public tender procedure called by Asco Holding.
Asco TLC, a company active since 2001 in the provision of ICT services mainly to corporate customers and public administrations, has a significant proprietary territorial network, located in the Veneto and Friuli-Venezia Giulia regions for more than 2,200 km of fibre optic backbones, 56 radio links and 24 xDSL exchanges in unbundling, and provides its services to more than 2,700 customers. Acantho, the digital company controlled by the Hera Group, with over 7,000 customers, started over two decades ago, the development of a proprietary ultra-wideband fibre optic network, stretching over 238.000 km, and provides, also to the parent company and other companies, data centre, telephony and connectivity services, in particular with solutions in primary and secondary data centre management, networks connecting offices, internet access, fixed and mobile telephony, Internet of Things (IoT) applications for distribution network and meter management, radio infrastructure for meter and network node remote reading, network remote control platforms and digital transformation. There has always been a constant focus on sustainability by Acantho, which self-produces 30% of its data centre's energy needs, with a 20% reduction in CO2 emissions into the atmosphere.
The merger by incorporation of Asco TLC into Acantho represents for the Hera Group and the Ascopiave Group a strategic step in the evolution of the business portfolio in the IT-TLC sectors, in line with their respective industrial plans. Moreover, it will allow the birth of a multi-regional player with significant operational and commercial synergies and important benefits also for customers, who will receive a dedicated communication as soon as the effective date of the merger will be defined, approximately in autumn 2023.
The expected industrial benefits of the merger
Thanks to the integration of Asco TLC's infrastructural assets and cutting-edge skills into Acantho, the Hera Group expects to expand its range of services in the information technology and telecommunications sector, with consequent commercial development, particularly in its reference territory, with a high industrial density, where it already operates with other businesses. The transaction is part of the multi-utility's development path, which aims to provide its customers with increasingly broader, more efficient, innovative and competitive solutions in terms of both costs and sustainability. In particular, the merger will bring added value to supply relations with the citizens and companies of the territories served, enabling the Hera Group to offer business proposals at the technological frontier, integrated and flexible to the various needs of customers and stakeholders, including connectivity, telephony and data centre services of high performance and reliability, also guaranteed by high seismic-resistance structures, and state-of-the-art anti-flooding, fire-fighting and alarm systems.
"The incorporation of Asco TLC into Acantho, and therefore within the Hera Group, gives us the opportunity to make the most of the potential and specialist excellence of the two companies. In addition, the operational integration of the IT-TLC business activities of our multi-utility and Ascopiave will lead us to consolidate the proposal of Information and Communications Technology (ICT) services on the territory, with an increasingly tailor-made and flexible offer for customers, including the same companies controlled by the two groups. The sharing of assets, skills and solutions will also enable us to be able to respond more effectively and efficiently to the main trends in the ICT market, which is moving towards a greater demand for advanced products and integrated security services, both at network and systems level," said Alessandro Aiello, General Manager of Acantho.
"The transaction we have concluded today will make it possible to harness, in the most effective way, the potential industrial synergies arising from the integration of the companies involved, in an increasingly competitive market context that requires a continuous improvement of commercial proposals for local authorities, companies and users," said Nicola Cecconato, Chairman, CEO and General Manager of the Ascopiave Group.
See the press release
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Quality, Safety and Environment: Hera Group confirms a solid protection in compliance with international standards
Perseverance and continuous improvement, also thanks to innovation: these are the most prominent features of the Hera Group’s commitment to applying best practices for ISO 9001 (quality management system), ISO 14001 (environmental management system) and ISO 45001 (occupational health and safety management system), applied, to the benefit of all interested parties, since 2000, 2007 and 2009 respectively.
This has been confirmed by Bureau Veritas Italia, after 131 days of audits in which the integrated management system of the Hera Group and its companies Heratech (which manages the technical-commercial and operational services linked to end users, plant engineering services and analysis laboratories), Inrete Distribuzione Energia (which manages natural gas and electricity distribution) and Uniflotte (dedicated to managing the company’s vehicle fleet) was scrutinised by a team of 15 independent auditors. This work was done from February to May of this year, sampling and analysing sites and corporate processes in the provinces of Modena, Ferrara, Bologna, Imola, Forlì Cesena, Ravenna and Rimini, all served by the Group.
This represents a significant commitment in terms of verification, directly proportional to the detailed management of Quality, Safety and Environment issues applied by the Group’s companies.
In addition to the certification models for quality, safety and the environment, Bureau Veritas also verified the compliance of Hera’s management system with the circular economy standard (AFNOR XP X30-901) and the compliance of Heratech’s management system with UNI/PdR 74:2019 (BIM planning).
The Bureau Veritas auditors particularly appreciated Hera’s commitment to sustainability through innovative projects, e.g., in the areas of photovoltaics and agrivoltaics, Green Gas or gas leak detection using predictive algorithms with the help of artificial intelligence.
Marcello Guerrini, Central Director of Corporate Services: “This provides further confirmation of the fact that, with the commitment and proactive attitude shown by our people, at all levels, and thanks to the stimuli provided by Bureau Veritas, we can create a virtuous cycle working towards sustainability for the area served, for our customers and suppliers, and for all stakeholders.”
Roberta Prati, Certification & Industry Director of Bureau Veritas Italia: “It is a source of pride to be able to contribute – with our audits – to the verification and continuous improvement of the processes that the Hera Group provides for the benefit of the community. It is precisely by addressing people and the environment that we find the correct, deep motivation that guides us in our daily activities.”
For more info:
Ufficio Stampa Bureau Veritas Italia: Star comunicazione in movimento, Barbara Gazzale, 348.4144780, www.starcomunicazione.com
Ufficio Stampa Gruppo Hera: Cecilia Bondioli - Responsabile Rapporti con i Media ed Editoria, 051.287595, cecilia.bondioli@gruppohera.it, www.gruppohera.it
Contacts
Telephone: +39 051 287111
HERA SPA
Viale Carlo Berti Pichat nr. 2/4 - 40127
Bologna
Contacts
Telephone: +39 051 287111
HERA SPA
Viale Carlo Berti Pichat nr. 2/4 - 40127
Bologna