Comtel Acquires 40% of Novanext, Partners on Green Data Center Project
Comtel has acquired 40% of Novanext for €1.24 million, structured over five installments until December 2028. This acquisition will strengthen Comtel's control over Novanext and support merger efforts initiated in 2024.
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Comtel has completed a €1.24 million acquisition of 40% of Novanext, with payments scheduled through December 2028. Concurrently, an MOU with H2-Era Green Valley was signed to develop a zero-impact data center in Figline Valdarno, focusing on renewable energy and hydrogen production.
This initiative aims to revitalize a decommissioned industrial site into an innovation hub. Notably, Comtel has canceled a previous agreement to acquire a 52% stake in ATS, reflecting a shift in strategic priorities. The success of these projects may enhance Comtel's market position in green technologies.
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