Asterion Industrial Partners agreed to acquire Axión from AMP Capital.

Asterion Industrial Partners, an independent investment management firm, agreed to acquire Axión, a Spanish towers business, from AMP Capital, a global investment manager. Financial terms were not disclosed. “We look forward to working with its first-class management team, applying our industrial approach, to create an integrated telecommunications infrastructure platform, with a unique portfolio of towers enriched with wide-ranging backhaul capabilities and a superior fibre network. Furthermore, through Lineox, our portfolio company acquired from Telefónica earlier this year, and deep sector experience, we are distinctively positioned to create a compelling end-to-end connectivity offer to our customers extremely well suited to capture the next growth wave of 5G and the Internet of Things,” Guido Mitrani, Asterion Industrial Partners Founding Partner.