Hera Group to acquire Sostelia from Xenon for €138m.

Hera Groupd, a multiutility company, agree to acquire Sostelia, a private group in industrial and civil water treatment, from Xenon, a private equity firm, for €138m ($161m). “Setting aside the customary phrases typical of these occasions, I would only like to underline how in less than 3 years, with an industrial approach, we have been able to create a group that guarantees a much more solid operating perspective for all employees and customers, given that some of the acquired businesses had a classic generational handover issue to solve. The Xenon Fidec fund, launched in July 2023, has created and is developing five other groups in strategic sectors of the circular economy and the energy transition, and with this transaction it completes its second successful exit,” Danilo Mangano, Xenon AIFM Chief Executive Officer.