Alcedo, FVS, Friulia and Clessidra completed the acquisition of PA ABS and PA Expertise business unit of Retelit.

Alcedo, FVS, Friulia and Clessidra, a private equity firms, completed the acquisition of PA ABS and PA Expertise business unit of Retelit, an Italian business group active in the telecommunications and ICT sector. Financial terms were not disclosed. "The decision to sell the two companies is part of a strategy aimed at simplifying the Group's corporate structure in order to optimize our operations and focus our resources and expertise more on infrastructures, platforms and ICT projects functional to the core business of our Customers," Jorge Álvarez, Retelit CEO.