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2023-03-14 The transaction represents a strategic step in the business portfolio evolution of both the groups in the IT-TLC sector, in line with their respective industrial plans. Today, the Hera Group, through its subsidiary Acantho, and the Ascopiave Group finalised the acquisition of 92% of the shares of Asco TLC at the headquarters of Asco Holding in Pieve di Soligo (TV), with stakes of 36.8% and 55.2% respectively. The closing follows the award, at the end of November 2022, of the public tender procedure called by Asco Holding for the sale of 92% of the shares of Asco TLC, held by Asco Holding itself and by the Treviso-Belluno Chamber of Commerce, and the subsequent signing on 29 December 2022 of the related contract documentation between the Hera Group and the Ascopiave Group. The cash-settled acquisition price is EUR 37.2 million. Asco TLC, a company that has been 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 over 2,200 km of fibre optic backbone infrastructure, 56 radio links and 24 xDSL exchanges in unbundling, and provides its services to more than 2,700 customers. For the two groups, the transaction represents a strategic step in the evolution of the business portfolio in the IT-TLC sectors, in line with their respective industrial plans. Moreover, it is the first step of a broader operation that would lead, through the merger of Asco TLC into Acantho, to the birth of a multi-regional operator with significant operational synergies compared to the stand-alone companies, and benefits for customers as well. "The partnership with Ascopiave in Asco TLC is part of Hera Group's broader development mission, whose goal is to provide its customers with increasingly efficient, innovative and competitive solutions in terms of both costs and sustainability. Thanks to Asco TLC's infrastructure assets, we anticipate an expansion of the Group's services and new synergies in the information technology and telecommunications field. This is a very strategic area for the country's innovation, because IT-TLC is crucial for the competitiveness of companies. It is, however, a sector that calls for continuous investment. On these grounds, we have envisaged significant investments in digitalisation in our industrial plan to 2026, to ensure ever greater excellence in the services provided, thanks also to the development and use of artificial intelligence, data analytics and process digitalisation," said Donato Rocchi, Chief Executive Officer of Acantho, the digital company of the Hera Group. “The partnership with the Hera Group, thanks to the potential industrial synergies, will allow Asco TLC to strengthen its position in an increasingly competitive market, improving its offer in favour of local authorities, businesses and users", said Nicola Cecconato, Chairman and Chief Executive Officer of Ascopiave. 20230314 Hera Group & Ascopiave closing Asco TLC.pdf 11:51:00 Nuova_Palazzina_110x150.1533218221.jpg See the press release Nuova_Palazzina_110x150.1533218221.jpg