CiviSmart Establishes Itself as PATRIZIA's Key to Italy’s Smart City Future
Deal News | Apr 08, 2025 | Patrizia
PATRIZIA, a global investment manager, has announced the launch of CiviSmart, a new consolidated entity in Italy's smart urban infrastructure sector. CiviSmart combines three acquired companies, Ottima, Selettra, and Atlantico, into a cohesive smart public lighting platform managing over 380,000 light points in Italy. This move is a key development for PATRIZIA’s Smart City Infrastructure Fund (SCIF), which has been investing in Italian urban infrastructure since 2022. CiviSmart aims to support Italy’s energy transition and urban digitalisation goals by integrating smart city solutions such as traffic management, IoT services, and energy-efficient infrastructure. Riccardo Amoroso has been appointed as CEO to lead its growth. The company is positioned to be a crucial partner for municipalities in Italy, enhancing quality of life with intelligent technologies and sustainable solutions. CiviSmart's formation aligns with PATRIZIA’s broader strategy of expanding European infrastructure investments.
Sectors
- Smart City Infrastructure
- Investment Management
- Renewable Energy
Geography
- Italy – CiviSmart operates primarily in Italy, consolidating smart lighting operators and expanding urban infrastructure across the country.
Industry
- Smart City Infrastructure – The article centers on the creation of CiviSmart, focusing on smart public lighting and urban digitalization projects in Italy.
- Investment Management – PATRIZIA, a global investment manager, is enhancing its portfolio by integrating smart infrastructure platforms in Italy.
- Renewable Energy – CiviSmart's projects align with EU energy transition policies, focusing on energy efficiency and sustainability initiatives.
Financials
- EUR 100 billion AUM by 2030 – PATRIZIA's ambition to expand its assets under management, supported by infrastructure investments like CiviSmart.
- Over 380,000 light points – The scale of CiviSmart’s current management in the Italian smart lighting sector.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| CiviSmart | Target company | Company | A new platform created by merging Ottima, Selettra, and Atlantico, specializing in smart public lighting and urban digitalization. |
| PATRIZIA | Bidding Company | Company | A global investment manager leading the creation of CiviSmart and organizer of the Smart City Infrastructure Fund. |
| Riccardo Amoroso | CEO | Person | Appointed CEO of CiviSmart to drive its expansion and deployment of smart city solutions in Italy. |
| Ottima | Subsidiary of CiviSmart | Company | One of the merged entities contributing to CiviSmart's platform. |
| Selettra | Subsidiary of CiviSmart | Company | Another merged company that forms part of CiviSmart’s smart infrastructure offerings. |
| Atlantico | Subsidiary of CiviSmart | Company | A firm merged into CiviSmart, enhancing its smart city capabilities. |