Italy's Hera to buy Sostelia from Xenon to boost water treatment operations

Hera SpA

19/01/2026 15:08

MILAN, Jan 19 (Reuters) - Italian multi‑utility firm Hera said on Monday it had agreed to acquire water treatment group Sostelia in a deal worth 138 million euros  $161 million) including debt, boosting its position in the treatment of industrial and civil water.

Hera said the acquisition would, once fully integrated, contribute more than 20 million euros to group consolidated earnings before interest, tax, depreciation and amortisation, excluding additional synergies.

Sostelia is 65% owned by private equity firm Xenon AIFM through its Xenon Fidec fund, while the remaining 35% is in the hands of entrepreneurs linked to the various companies which are part of the group.

Rothschild advised Xenon in the transaction.
 ($1 = 0.8595 euros)

 (Reporting by Valentina Za
Editing by Keith Weir
)

 ((valentina.za@thomsonreuters.com; +39 02 6612 9526;))