Aqualia adquiere la empresa francesa Services Publics et Industries Environnement (SPIE)
Aqualia acquires the French company Services Publics et Industries Environnement (SPIE)
The acquisition of the company involves the entry of Aqualia in the French water management market
SPIE provides its services to 140,000 inhabitants in the Île de France region
Aqualia, the water management company owned by FCC (51% share) and the Australian ethical fund IFM Investors (49% share), recently acquired 100% of the French company "Services Publics and Industries Environnement” (SPIE) to the French Holding SPI.
Aqualia had already shown its interest in the French market for some time now, the largest in Europe where models of public and private management coexist. It is a dynamic market requiring major investments and technological capabilities. In this regard, Guillermo Moya, Aqualia’s Europe Regional Director, highlights the experience of the company “in the management of public water services, especially in medium-sized cities, an activity that requires proximity to customers as well as a high level of specialisation and efficiency”.
SPIE is an independent medium-sized company that brings 120 years of experience in public water service management, serving some 140,000 citizens through 8 supply management contracts and 2 sanitation contracts in the Île de France region.
The incorporation of Aqualia to SPIE shareholders will provide technical expertise and additional financial capacity, complementing the successful public services management project, based on proximity and excellence, that the French company has been developing.
The company produces 10 million cubic metres of water per year for human consumption and manages 5 million cubic metres of wastewater as part of its activity in this region. In addition, SPIE manages 700 kilometres of distribution networks, 32 water tanks and 70 pumping stations, as well as another 200 kilometres of sanitation networks.
Aqualia is one of the world's leaders in water management
Aqualia is the water management company owned by the citizen services group FCC (51%) and by the Australian ethical fund IFM Investors (49%). Aqualia is Europe's fourth largest private water company in terms of population served and ranks amongst the top ten worldwide (GWI, November 2017).
It currently provides services to 22.5 million people in 1,100 municipalities in 18 countries: Algeria, Saudi Arabia, Colombia, Chile, Ecuador, United Arab Emirates, Spain, France, Italy, Mexico, Oman, Panama, Portugal, Qatar, the Czech Republic, Romania and Tunisia. The company reported EUR 1,115 million of revenue in 2018, with an order back log of nearly EUR 15,000 million.