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Mutares, a German private equity firm, has announced the sale of its Italian subsidiary Conexus spa to ATS - Advance Technologies System srl, which is fully controlled by Maximum Return System Group. The transaction is expected to close in Q1, subject to customary conditions including approval under the Golden Power regime.

Since Mutares acquired Conexus, the company has undergone significant operational restructuring and achieved notable milestones in transformation. Conexus has successfully expanded into the growing markets of data centers and private connections, resulting in a significant increase in revenues and a return to positive operational results.