Prysmian S.p.A. (BIT:PRY) entered into an agreement to acquire EHC Global Inc. for approximately CAD 120 million on July 22, 2020. EHC Global generated revenue and EBITDA of CAD 119 million and CAD 18 million, respectively during the year ended 2019. The transaction is subject to regulatory approvals and other customary closing conditions. The completion of the transaction is expected to occur during the fourth quarter of 2020. Paolo Ghiglione, Sven Prüfer and Emilio De Giorgi of Allen & Overy LLP acted as legal advisors to Prysmian in the transaction. Jake Bullen, Mickey Lungu, Andrew Dilts and Jesse Tepperman of Cassels Brock & Blackwell LLP acted as legal advisors to EHC Global in the transaction. Ernst & Young LLP acted as financial advisor to EHC Global Inc. Prysmian S.p.A. (BIT:PRY) completed the acquisition of EHC Global Inc. on January 8, 2021. Under the terms of agreement, the consideration is along with net of cash acquired of CAD 9.28 million.