Acantho (controlled by Hera Group) and Ascopiave have acquired a 92% stake in Asco TLC from Asco Holding
December 2022 — Hera Group, through its subsidiary Acantho, and Ascopiave have won the public tender called by Asco Holding for the sale of 92% of the shares of Asco TLC SpA, held by Asco Holding and by the Chamber of Commerce of Treviso-Belluno.
Asco TLC SpA, a provider of ICT services in Italy since 2001, mainly dealing with corporate clients and public administrations, owns a significant network located in Veneto and Friuli-Venezia Giulia, with over 2,200 km of fibre optic backbone, 56 communications towers and 24 xDSL unbundled stations, and supplies its services to over 2,700 customers.
Hera Group is one of the leading Italian multi-utility companies, operating in the environmental, energy and water sectors and employing over 9,000 people, who are committed every day to responding to the many needs of around five million citizens located mainly in Emilia-Romagna, Veneto, Friuli-Venezia Giulia, Marche, Tuscany and Abruzzi. Listed since 2003, it is one of the top 40 Italian companies in terms of capitalization (it is listed in the Ftse Mib index) and since 2020, it has been included in the Dow Jones Sustainability World and Europe Index.
Acantho, a telecommunications operator, is the digital company of Hera Group. Thanks to the development of a proprietary ultra-broadband optic fiber network extending for over 230,000 Km. and its data centers in Imola and Siziano, it has been offering ICT services and tools in the data & voice communication, hybrid multi cloud, cyber & physical security and smart city fields for over 20 years, contributing to the competitiveness of small and large enterprises and the development and innovation in the territory.
Ascopiave is one of the leading operators in natural gas distribution in the country. The group owns concessions and direct assignments for the management of activities in 308 towns, supplying services to over 890,000 people through a network of about 14,500 Km. Ascopiave is also a partner of Hera Group in the sale of gas and electricity, through a 48% stake in Est Energy, a leading operator in the field holding a portfolio of over one million sales contracts to end users.
Our role in the transaction
Oaklins’ team in Italy advised Hera Group on the preparation of the business plan and the fairness opinion.
Talk to the deal team
Related deals
Educbank has been acquired by Cogna
Cogna Educação, through its subsidiary Somos Sistemas de Ensino, has acquired an additional 47% stake in Educbank for approximately US$8.9 million, increasing its ownership from 43% to 90% and consolidating control of the platform. The transaction expands Cogna’s presence beyond its traditional enrollment-driven education business into the financial infrastructure that underpins school tuition collection.
Learn moreitemedical has been acquired by Halma
itemedical, a Netherlands-based provider of digital platforms that integrate real-time patient data and alarms from a wide range of medical devices to support clinical decision-making and workflow efficiency in hospitals, has been acquired by Halma plc, a global group of life-saving technology companies. The acquisition represents a milestone in itemedical’s development and provides a platform for its next phase of growth. By joining Halma’s healthcare sector as a business unit of Halma subsidiary Static Systems Group (SSG), itemedical will strengthen its position as a provider of digital hospital workflow solutions, benefiting from access to a global network of technology businesses, resources to accelerate innovation and opportunities to expand its international footprint.
Learn moreEvoke Creative has been acquired by Steliau Technology
Private equity firm BGF has sold Evoke Creative Ltd., an international provider of interactive digital solutions, to Steliau Technology, a company backed by Astorg Partners. Evoke will continue to operate as an independent brand while benefiting from the wider group’s support to accelerate international expansion, increase product innovation and strengthen its position in key vertical markets.
Learn more