Following its acquisition of north Italian operator Partner Associates for EUR60 million earlier this month, the Italian infrastructure provider Retelit has acquired ICT and telecoms provider Brennercom from Athesia Group for EUR52 million.
Brennercom operates in Italy, Austria and Germany, providing a fibre network, Cloud services, disaster recovery, MPLS networking, security services and unified comms to its 10,000 customers. It also owns three data centres in Bolzano, Innsbruck and Trento. The company employs 130 and had revenues of EUR32 million in 2018.
“Brennercom adds further value to [our] growth strategy, recently enhanced by the acquisition of Gruppo PA,” said Retelit’s chairman Dario Pardi. “In particular, we expect that we can significantly drive Brennercom’s volume and margin growth, thanks to the development of major offer proposal synergies, mainly for the corporate market, while stepping up operations in the Munich-Tyrol-Milan axis in which Brennercom is a market leader.”
The deal is expected to close no later than 31 July 2020.