GREENEXT Technologies S.p.A. has acquired a minority stake in Innova S.r.l. to bolster its technological capabilities and expand its geographical reach in the waste management sector.
Target Information
GREENEXT Technologies S.p.A., a subsidiary of Viasat Group S.p.A., operates in the waste management sector with a strong technological focus. Recently, the company has acquired a minority stake in Innova S.r.l., located in Matera, which is also engaged in waste management and earth observation. This capital increase will enhance Greenext's geographical expansion and strengthen its technological capabilities.
Industry Overview
The waste management industry in Italy has been evolving rapidly, driven by increasing environmental regulations and a growing societal focus on sustainability. With circular economy initiatives gaining traction, companies are seeking innovative technologies and solutions to optimize waste processing and management.
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Italy's government has implemented a series of strategies aimed at reducing landfill waste while increasing recycling rates.
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GREENEXT Technologies S.p.A.
invested in
Innova S.r.l.
in 2022
in a Other deal