Atlantia SpA (BIT:ATL) entered into an agreement to acquire Yunex Traffic from Siemens Mobility GmbH for approximately €950 million on January 17, 2022. The transaction will be funded from available cash. Yunex Traffic had €635.4 million revenues and €54 million EBITDA in 2021.

The Managing Board and Supervisory Board of Siemens Aktiengesellschaft have approved the transaction. Transaction is subject only to Antitrust/FDI clearance. Closing is expected by September, 2022.

An in-house team led by Claudia Ricchetti and Marco Stocchi Grava advised Atlantia. Umberto Penco Salvi, Andrea Tuninetti Ferrari, Iolanda D'Anselmo, Giulio Pelizza, Luciano Di Via, Luciano Di Via, Antonio Mirabile and Carlo Galli of Clifford Chance Studio Legale Associato, Anselm Raddatz and Claudia Milbradt of Clifford Chance, Düsseldorf and Christopher Fischer of Clifford Chance Partnerschaftsgesellschaft acted as legal advisors to Atlantia. Nicola Broggi, Emanuele Franchi, Giovani Poggio, Max Lehmann and Paolo Bersanifor of PwC TLS Avvocati e Accountisti acted as tax due diligence and tax structuring advisor to Atlantia.

Morgan Stanley Group Inc. acted as financial advisor to Siemens Mobility GmbH. Daniel Möritz, Hans-Jörg Ziegenhain, Christian Hoefs, Matthias Scheifele, Gunther Wagner, Dirk Uwer and Nikolaus Vieten of Hengeler Mueller acted as legal advisor to Siemens Mobility. As of May 12, 2022, the transaction is expected to close in the second half.