Acea to acquire Aquanexa from Algebris for €205m.

Acea, an Italian multi-utility company, agreed to acquire Aquanexa, an environmental services company, from Algebris, an asset management company, for €205m. “With the acquisition of Aquanexa, we consolidate our leadership in the sector, also thanks to the new role of technological driver of the water transition. Digital skills, robotic technologies, and predictive systems based on artificial intelligence are needed to innovate an industry that requires major investments and forward-looking operational models to compete. Acea’s goal is to continue generating value, growth, and economic development through an innovative industrial model that goes beyond the current standards,” Fabrizio Palermo, Acea CEO.