S. Maria di Sala, Italy and Cranberry Township, USA. 31st January 2022 - In accordance with the agreement signed on December 13th 2021, Piovan S.p.A. ("Piovan" or "Piovan Group") and IPEG, Inc. ("IPEG") announce today that Piovan has completed its acquisition of IPEG by virtue of the merger by incorporation of Sewickley Capital, Inc. ("Sewickley Capital"), the owner of 100% of IPEG into a newly formed Delaware corporation wholly owned by Piovan. The transaction was executed at the values and conditions already communicated to the market on 13th December 2021.

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Piovan S.p.A. published this content on 31 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 January 2022 16:10:10 UTC.