Terna — Regulatory Filings 2020

Feb 29, 2020

TERNA: CLOSING SIGNED FOR THE ACQUISITION OF BRUGG KABEL AG (Brugg Group)

Rome, 29 February 2019 – As part of the strategy of Non Regulated Activities development, Terna S.p.A. ("Terna"), through its subsidiary Terna Energy Solutions S.r.l, has signed today the closing for the acquisition of 90% stake in the share capital of Brugg Kabel AG (Brugg Group), one of the leading operators in the underground cable sector, designing, developing, creating, installing and maintaining electrical cables of all voltage levels and accessories for high-voltage cables.

The deal follows the transaction announced by Terna on December 20, 2019. The acquisition of Brugg Kabel, will allow Terna to insource a centre of excellence for research, development and testing of one of the TSO's core technologies, such as underground cables.