Algebris completed the acquisition of a 60% stake in IDEA.

Algebris, an asset management company, completed the acquisition of a 60% stake in IDEA, a company that provides data management and monitoring systems for water assets and networks. Financial terms were not disclosed. “We are thrilled to integrate IDEA into our group, a new partner that will allow us to continue expanding our offering to meet the growing needs of the water market. Aquanexa provides the market with a ‘one-stop-shop’ for its customers, offering a wide range of services on both networks and assets, responding to the needs of water operators also in the area of digitalisation. Thanks to our unique and integrated approach, we are ready to lead the sector towards a more sustainable and efficient future,” Andrea Lanuzza, Algebris CEO of Aquanexa.