Algebris Green Transition Fund, advised by New Deal Advisors, has acquired Dateck22, a leader in water management digitalization, to establish its Aquanexa platform aimed at enhancing sustainability in the water sector.
Target Information
Dateck22, founded in 2017 and located near Como, Italy, has established itself as a leader in the digitalization, mapping, and modeling of water networks. The company specializes in leak detection and optimization of water systems, making it a vital player in improving water management efficiency. With its innovative technology solutions, Dateck22 is well-positioned to support the evolving needs of the water industry.
This acquisition marks the inaugural investment of Algebris Green Transition Fund's new platform, Aquanexa, which aims to create an integrated entity within the water sector. Aquanexa plans to provide a comprehensive range of innovative and technologically advanced services to water operators through partnerships with other companies in the industry.
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Industry Overview
The water management industry in Italy is increasingly focused on sustainability and efficiency due to growing environmental concerns and regulatory pressures. Water scarcity, aging infrastructure, and the need for innovativ
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