ATS Signs Agreement to Acquire Conexus from Mutares SE & Co. KGaA

ATS – Advance Technologies System S.r.l., a company wholly owned by Maximum Return System Group, a private equity investment group specializing in combinations of private capital sources aimed at value growth and return on investment, has entered into an agreement with Mutares SE & Co. KGaA for the acquisition of portfolio company Conexus S.p.A., a company specialized in energy infrastructure with 250 employees and 10 locations across Italy.

The acquisition is expected to be completed in the first quarter of 2026, subject to the customary regulatory approvals and the fulfillment of closing conditions, including approval under the Italian Golden Power regime.

ATS was assisted by Gianni & Origoni with a team composed of partner Raimondo Premonte and associates Vito Quaglietta and Hansol Kim.

Mutares SE & Co. KGaA was assisted by BonelliErede with a team composed of partner Fulvio Marvulli, managing associate Edoardo Fratini and Gabriele Provaggi.