The President of Asco TLC, Alessandro Aiello, and the President of Acantho, Roberto Vancini, they signed a merger agreement between the two companies.
Starting from October 1, 2023, Acantho will take over the management of Asco TLC's telephony services and data centers. Acantho will have access to a 326.600 km fiber optic network and 4 data centers located in Imola, Siziano, Santa Lucia di Piave and San Vendemiano, with a total of approximately 9.000 customers.
The new company
The merger is the result ofacquisition of 92% of Asco TLC by Acantho, a company controlled by Hera Group, and Ascopiave. After the operation, Acantho shareholders will hold the following shares: Hera SpA 70,16%, Con.AMI 16,84%, Ascopiave 11,35%, and the Province of Treviso 1,65%.
Strategic operation for the ICT sector
The operation represents a strategic step for the Hera Group and the Ascopiave Group in ICT sector, in line with their industrial plans. The merger will allow the new Acantho to obtain operational and commercial synergies significant and to offer broader, more efficient, innovative and competitive solutions in terms of costs and sustainability to customers.
Asco TLC and Acantho have many common characteristics in terms of industry and ICT services offered, and the incorporation of assets and expertise into a single company aims to expand the range of services in the information technology and telecommunications sector, with a particular focus on high-density industrial areas where the company is already active through other business lines.
Improve supply relationships
The merger aims to improve supply relationships with citizens and companies of the territories served, allowing Acantho to offer technologically advanced commercial proposals. These proposals will be flexible and integrated to meet the different needs of customers and stakeholders, including highly performing and reliable connectivity, telephony and data center services.
“We are excited about announce the completion of the merger by incorporation of Asco TLC into Acantho. This marks a significant step in ours growth and strategic development. The merger allows us to combine our resources, expertise and talents to offer even more innovative solutions to our customers and create added value for our shareholders. We are confident that this union will position us strongly and competitively in the markets in which we operate, and we are excited to work together to tackle new challenges and build a successful future,” he said. Alessandro Aiello, General Manager of Acantho.
“The operation we have concluded today will allow us to capture in the most effective way the potential industrial synergies resulting from the integration of the corporate entities involved, in an increasingly competitive market context which requires continuous improvement of commercial proposals for local authorities, businesses and users" he commented Nicholas Cecconato, President, CEO and General Manager of Ascopiave group.
