Aquanexa buys 70% of well-drilling firm Idrogeo, valued at €9.5M in 2025 revenue
What's the deal? AquanexaDealroom has a profile for this one. Try Dealroom →, an integrated services platform for the water industry, has acquired a 70% stake in Idrogeo S.r.l. The deal runs through Tec.Am S.r.l., the group's unit for potable and wastewater treatment.
What does Idrogeo do? Founded in 1979 in Fiorenzuola d'Arda, near Piacenza, the company designs, builds, and maintains water wells for the water, geothermal, irrigation, and industrial sectors, drilling to depths of up to 1,200m. It employs around 30 people and holds proprietary patented technologies.
The numbers: Idrogeo posted 2025 revenue of about €9.5 million and reported EBITDA of roughly €3.3 million. As of end-March 2026, its order book stood at around €15.5 million.
What's the endgame? Idrogeo joins Aquanexa's Infrastructures and Plants business unit, led by Tec.Am. The move extends the group's value chain into water research and extraction from wells — an area it says has drawn less attention than network leak reduction, where much PNRR-era investment has flowed.
Why now? Regulation is reshaping Italy's well market, estimated at €0.6–1 billion a year. Tougher rules on PFAS and microplastics are driving demand for new wells and workover, while the PNIEC 2024 targets over 1,000MW of new geothermal capacity by 2030.
Chief executive officer Andrea LanuzzaDealroom has a profile for this one. Try Dealroom → said Idrogeo lets the group "complete the portfolio of services," describing wells as "a fundamental piece of our industrial strategy."
The signal: The deal reflects a shift in Italy's water sector from fixing distribution losses to securing supply at the source. With ARERA's new "water resilience" indicator and incentives pushing geothermal and water-to-water heat pumps, drilling expertise is becoming a strategic asset for consolidating platforms like Aquanexa.
Read more: Il Tempo
