PATRIZIA completed the acquisition 85% stake in Atlantico.

PATRIZIA, a global investment firm, completed the acquisition 85% stake in Atlantico, a smart streetlighting operator. Financial terms were not disclosed. “Our acquisition of Atlantico is highly complementary to our smart cities portfolio and is a strategic investment for accelerating the growth of our streetlighting platform. With much greater scale and market share, we can leverage our access to debt and innovative smart city solutions to really drive the future value and investment opportunities within the platform. As a sector, we have high conviction in smart streetlighting as it is central to the urban and energy transitions shaping our economies, while also offering our investors core infrastructure exposure that provides attractive risk-adjusted returns and inflation protection,” Matteo Andreoletti, PATRIZIA Head of Infrastructure Equity, Europe and North America.