Tinexta — M&A Activity 2017

Nov 23, 2017

Informazione Regolamentata n. 20053-49-2017		Data/Ora Ricezione 23 Novembre 2017 19:00:44	MTA - Star
Societa'	:	Tecnoinvestimenti S.p.A.
Identificativo Informazione Regolamentata	:	96353
Nome utilizzatore	: TECNOINVNSS01 - KAY
Tipologia	:	3.1
Data/Ora Ricezione	:	23 Novembre 2017 19:00:44
Data/Ora Inizio Diffusione presunta	:	23 Novembre 2017 19:00:45
Oggetto	:	The Merger by Incorporation of Ribes S.p.A. in Assicom S.p.A. Signed
Testo del comunicato

Vedi allegato.

PRESS RELEASE

The Merger by Incorporation of Ribes S.p.A. in Assicom S.p.A. Signed

* * * * *

The Merger Will Be Legally Effective from 31 December 2017 With Fiscal and Accounting Impacts Retroactive from 1 January 2017

Rome, 23 November 2017.

Tecnoinvestimenti S.p.A. announces the signing today of the merger act whereby Ribes S.p.A. was incorporated in Assicom S.p.A., both wholly owned by Tecnoinvestimenti, as deliberated by the respective shareholders' meetings held last 19 September. As of 31 December 2017, the effective date of the merger transaction, the resulting company will assume the name "Assicom Ribes S.p.A.". The accounting and fiscal effects will take effect retroactively from 1 January 2017.

The formal act ends the process begun with the exercise of the options to purchase the minorities of Ribes and Assicom, which was announced on March 28, and which continued with the approval of their respective boards of directors on 25 July.

The merger is part of a strategic design that will enable the creation of one of the leading players in the Business Information and Credit Management sector with a turnover of around € 60 million, more than 300 employees and a portfolio of over 9,000 customers.

The merger will enable optimization of operational and management integration between the two companies, enabling continued investment in databases and the development of innovative products in order to create greater value over the medium-term.

The Chairman of Tecnoinvestimenti Enrico Salza declared "We are delighted to complete this transaction, which expands the Group's ability to propose integrated solutions to our target client base and this will enable us to compete better in the Business Information industry."

"Today," said Pier Andrea Chevallard, CEO of Tecnoinvestimenti, "with this additional formal act, the merger between the two companies is completed. Now we can work to realize the cost-effective synergies that will have a positive impact on marginality. In addition, we aim to offer our customers the best possible products on the Italian market with the support of a unified and complete database."

TECNOINVESTIMENTI Group

The Group is one of Italy's top operators in its three areas of business: Digital Trust, Credit Information & Management and Sales & Marketing Solutions. The Digital Trust Business Unit, through InfoCert, Sixtema and Visura, provides products and services for document digitalization, electronic billing, electronic delivery and ature. InfoCert is the leading European Certification Authority and a Digital Identity Provider accredited with the Italian Government. The Credit Information & Management Business Unit, which includes Ribes, Assicom and their subsidiaries, offers decisionmaking support services such as Chamber of Commerce and real estate information, aggregate reports, summary ratings and decision-making models, with special emphasis on the supply and assessment of credit and collection services. ReValuta offers real estate services, including appraisals and valuations. The Sales & Marketing Solutions Business Unit,

through Co.Mark, offers solutions and tools to help small and medium-sized companies expand internationally.

The Tecnoinvestimenti Group reported in 2016 Total revenue of €147.3 million, EBITDA of €29.7 million and Net profit of €12.1 million. Tecnoinvestimenti is listed on the STAR segment of Telematic Equity Market of the Milan Stock Exchange.

Website: http://tecnoinvestimenti.it/; Stock ticker: TECN; ISIN Code IT0005037210

CONTACTS
Corporate & Financial Communications	Media Advisor	Specialist
Lawrence Y. Kay	Barabino & Partners S.p.A.	Intermonte SIM S.p.A.
Tel: +39 3358104434	Foro Buonaparte, 22 - 20121 Milano	Corso V. Emanuele II, 9 - 20122
E-mail: lawrence.kay@tecnoinvestimenti.it	Tel.: +39 02 7202 3535	Milano
Carla Piro Mander	Stefania Bassi: +36 335 6282 667	Tel.: +39 02 771151
Tel. +39 06 42 01 26 31	s.bassi@barabino.it
E-mail: carla.piro@tecnoinvestimenti.it