Edison-backed Fenice to acquire Citelum Italia for $84m.

Edison-backed Fenice, a firm that offers chemical products, agreed to acquire Citelum Italia, a lighting operator, for $84m. The acquisition of Citelum’s Italian and Spanish businesses will allow Fenice to expand its offer in the energy service business for the territory and cities, and to develop important synergies with Edison’s business dedicated to energy services for the energy transition and the decarbonisation of territories and cities towards the smart cities of the future.