Unidata to acquire TWT Group for €58m.

Unidata, a telecommunication company, agreed to acquire TWT Group, a telecommunications & connection and communication services provider, for €58m. "The acquisition of the TWT Group will allow to further accelerate our growth, thanks to the development of our connectivity services offer to corporate customers, as well as the diversification and strengthening of our commercial offer. In addition, the integration with the TWT Group will allow to expand our footprint and enter new untapped markets; our presence will no longer be limited to Lazio, where we hold a leadership position, but it will spread across Italy, with particular focus in Lombardy and Northern Italy, thus following on our path of geographical expansion started with the opening of a new headquarters in Bari that established our presence also in the Apulian market," Renato Brunetti, Unidata President and CEO.