Aquanexa acquires five Italian companies in strategic expansion
Deal News | Feb 11, 2025 | Finance Community IT - 3 Private Equity
Aquanexa, a platform under the Algebris Green Transition Fund, has recently acquired five Italian companies specializing in various aspects of the water industry. The acquisitions help define and strengthen Aquanexa's structure through four business units: Network Engineering, Data Measuring, Digital Platforms, and Infrastructures & Plants. The acquired companies include Pipecare, Dinamica Project, Abitat SIT, and T&A, with a binding agreement signed with a leading national water treatment company. These acquisitions aim to expand the capabilities of existing divisions and introduce new ones, fostering growth and adapting to the evolving demands of the water management sector. Financial advisors and legal support were provided by various firms to facilitate the acquisitions. With a workforce of 250 people and revenues of around 100 million euros, Aquanexa is positioned as a significant player in Italy's industrial landscape, focusing on sustainable and digital solutions. Additionally, strategic plans are in place for further expansion in 2025, potentially integrating more companies into their ecosystem.
Sectors
- Water Management
- Private Equity
- Digital Technologies
Geography
- Italy – The acquisitions target Italian companies, indicating the geographic focus of Aquanexa's strategic expansion within Italy.
Industry
- Water Management – The article focuses on the acquisition of companies related to water management, including monitoring, efficiency, and treatment solutions.
- Private Equity – Algebris Green Transition Fund, a private equity fund, is actively involved in the acquisitions, demonstrating investment strategies in sustainable solutions.
- Digital Technologies – The acquired companies provide digital and technological expertise for the water industry, highlighting the role of innovation and digital transformation.
Financials
- €100 million – Revenue of Aquanexa after the acquisitions.
- €17 million – EBITDA of Aquanexa following the acquisitions.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Aquanexa | Platform/Acquirer | Company | Aquanexa is a platform providing integrated solutions for the water industry, supported by Algebris Green Transition Fund. |
| Algebris Green Transition Fund | Investor | Company | A private equity fund under Algebris Investments, focusing on sustainable investments and supporting Aquanexa's acquisitions. |
| Pipecare | Acquired Company | Company | Specializes in the monitoring and efficiency of water networks. |
| Dinamica Project | Acquired Company | Company | Operates in the maintenance of networks and plants. |
| Abitat SIT | Acquired Company | Company | Offers innovative software solutions. |
| T&A | Acquired Company | Company | Provides digital and hardware solutions for measurement and telecontrol. |
| Ermanno Restano (Finerre) | Financial Advisor | Person | Assisted Aquanexa during the acquisitions as a financial advisor. |
| Pietro De Ceglie and Giulia Carosella (Epyon) | Accounting Advisor | Person | Provided accounting advisory for the acquisitions. |
| Pietro Bracco and Stefano Versino (&Partners) | Tax Advisor | Person | Provided tax advisory services. |
| Grimaldi Alliance | Legal Advisor | Company | Provided legal advisory support for the acquisitions. |
| Simmons & Simmons | Legal Advisor for Pipecare Sellers | Company | Assisted Pipecare sellers with legal advisory. |
| Novance | Financial Advisor for Dinamica Project Sellers | Company | Advised Dinamica Project sellers financially. |
| Deloitte Legal | Legal Advisor for Dinamica Project Sellers | Company | Provided legal advisory to Dinamica Project sellers. |
| Andrea Lanuzza | CEO, Aquanexa | Person | CEO of Aquanexa, instrumental in the company's strategic direction. |
| Luca Valerio Camerano | Managing Director, Algebris Green Transition Fund | Person | Oversees the strategic initiatives of the Algebris Green Transition Fund. |