Algebris Green Transition Fund | Aquanexa
Aquanexa
Holding company for a portfolio of water operators
Name
Aquanexa
Sector
Circular Economy
Sub-sector
Water management
Acquisition year
2023
Status
In portfolio
Revenues
ca. 10m
Sustainable Development Goals
- 6: Clean Water and Sanitation
- 9: Industry, Innovation and Economic Growth
- 13: Climate Action
Related team
Luca Valerio Camerano
Andrea Lanuzza
Aquanexa is the holding company that will lead an industrial group capable of providing an integrated portfolio of high quality and innovative services and solutions for water operators. The name Aquanexa stems from Aqua, which symbolizes the origin of the project, and Nexa, which recalls the desire to connect information and data to propose innovative and sustainable solutions for the entire water world.
The first step in the creation of the Aquanexa Group began with the acquisition of a majority stake in Datek22 S.r.l., a leading Italian company in engineering and technical services for water networks. Datek22 offers a range of engineering and digitalisation services including network mapping and modelling, monitoring, leak detection, video inspections, and security. Founded in 2017 and based in Fino Mornasco (Como, Italy), Datek22 has experienced a growth rate of more than 30% annually over the past five years.
Investment and Environmental Thesis
The need for a transition to an efficient and sustainable use of water is imperative, especially in light of increasingly critical data with respect to the Italian market, such as high levels of water leakages, reaching 41% compared to 25% for the EU+UK average; low levels of investment in water networks that stand at €56 per capita compared to €78 for the EU+UK average; and a high rate of water infrastructure obsolescence, where 60% of the network is more than 30 years old.
Aquanexa aims to be a facilitator of the transition to a more sustainable use of water, which is fully consistent with the Green Transition Fund’s strategy and its classification as Article 9 under the SFDR.
Luca Valerio Camerano
Managing Director and Senior Partner of the Algebris Green Transition Fund
The launch of Aquanexa kicks off an ambitious initiative in the broad world of water. We firmly believe the challenges facing the water sector represent an opportunity to innovate in an industry that has had a historically low level of investment and faces growing challenges and expectations from citizens and institutions. Aquanexa aims to be a project that can involve partners eager to be active players and co-creators of a new industrial reality. Intelligent and careful use of water resources is urgent and will be increasingly so. Aquanexa was created to be a leading player in this transformation.
Andrea Lanuzza
CEO of Aquanexa
I am excited to put my experience and industry knowledge at Aquanexa’s service for its growth and consolidation in the market. Environmental challenges, digital transformation, and the growing skills and industry visions of our clients and stakeholders are the driving force behind the integration of our offerings that welcome entrepreneurs and managers who share the goal of generating value, growth, and innovation.
