FNM, an Italian public transport company, agreed to acquire Milano Serravalle - Milano Tangenziali, an Italian transport company, for €605m ($737m). "Following the completion of the transaction, the first integrated motorway-railway-bus transport hub in Italy will be created, establishing an infrastructure operator that will be unique on the Italian market. In particular, the FNM Group will be able to offer an integrated mobility supply and demand management model, with optimisation of flows and development of new forms of sustainable mobility. In addition, the transaction will enable the FNM Group to diversify its revenues, with an improvement in its income profile and a simultaneous diversification of the regulatory risk," FNM.