Fnm — M&A Activity 2024

Jun 25, 2024

Informazione Regolamentata n. 0123-29-2024	Data/Ora Inizio Diffusione 25 Giugno 2024 18:36:05		Euronext Milan
Societa'	:	FNM
Identificativo Informazione Regolamentata	:	192659
Utenza - Referente	:	FERNORDN03 - MINAZZI
Tipologia	:	REGEM
Data/Ora Ricezione	:	25 Giugno 2024 18:36:05
Data/Ora Inizio Diffusione	:	25 Giugno 2024 18:36:05
Oggetto	:	FNM acquires 100% of Nordcom
Testo del comunicato

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PRESS RELEASE

FNM ACQUIRES 100% OF NORDCOM

Milan, 25 June 2024 – It is hereby announced that, today, the Board of Directors of FNM S.p.A. ("FNM") under the chairmanship of Mr. Andrea Angelo Gibelli resolved to purchase from the TIM Group 2,100,000 ordinary shares of Nordcom S.p.A. ("Nordcom" or the "Company"), corresponding to 42% of the share capital. This transaction makes FNM the sole shareholder of Nordcom, increasing its stake to 100%.

Nordcom, specialized in the design and maintenance of Information & Communication Technology systems, mainly supports the FNM Group and Trenord, as well as residually serving other non-captive clients in the mobility, healthcare and fiber optic infrastructure sectors. From a strategic and economic-financial point of view, the acquisition of the full control of Nordcom will allow FNM to bring the company that holds a substantial share of the Group's IT governance and information systems back within the scope of full consolidation, optimizing the provision of these services and integrating its initiatives within the broader context of FNM.

As of 31 December 2023, Nordcom was consolidated using the equity method and had reported revenues of EUR 23.5 million, EBITDA of EUR 3.7 million, net income of EUR 1.1 million, and a positive net cash position of EUR 7.2 million (EUR 8.9 million as of 31 March 2024).

Completion of the acquisition, following which the Company will be fully consolidated in the financial statements of the FNM Group, is expected by the end of next July, with the payment of EUR 8.3 million as consideration for the sale of the 42% stake, drawing on available liquidity and without recourse to external financing.

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This press release is available on the Company's webiste at the address www.fnmgroup.it, as well as on the authorized storage mechanism EMARKET STORAGE at .

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For further information:
Investor Relations contacts	Media Relations contacts
Valeria Minazzi	Simone Carriero
Tel. +39 02 8511 4302	Tel. +39 02 8511 4758
e-mail valeria.minazzi@fnmgroup.it	e-mail simone.carriero@fnmgroup.it

Website

www.fnmgroup.it

FNM is the leading integrated sustainable mobility Group in Lombardy. It is the first organisation in Italy to combine railway infrastructure management with road transport and motorway infrastructure management in order to offer an innovative model for managing mobility supply and demand that optimises flows and that is environmentally and economically sustainable. It is one of Italy's leading investors in the sector. FNM S.p.A. is a public company that has been listed on the Italian Stock Exchange since 1926. The majority shareholder is Regione Lombardia, which holds a 57.57% stake.

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Fine Comunicato n.0123-29-2024 Numero di Pagine: 4
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