PATRIZIA completed the acquisition of Ottima.

PATRIZIA, a global real assets company, completed the acquisition of Ottima, a smart streetlighting company. Financial terms were not disclosed. “Our investment in Ottima addresses the global megatrend of decarbonization by improving energy efficiency. We see this as a strategic opportunity for PATRIZIA to acquire a well-established yet highly scalable smart city platform that has the power to drive significant economic and ESG benefits for communities across Italy. Not only does this investment perfectly support our strategic position as an enabler of smart cities and buildings through targeted real asset investments, it also provides our institutional clients with attractive risk-adjusted returns and excellent growth potential,” Matteo Andreoletti, PATRIZIA Head of Infrastructure Equity.