Aquanexa, an integrated service platform for the water industry, has announced the acquisition of 70% of Idrogeo through Tec.Am, a group company dedicated to the treatment of drinking and waste water.
What does Idrogeo do?
Founded in 1979 in Fiorenzuola d'Arda (PC), Idrogeo designs, builds and maintains water wells for the water, geothermal, irrigation, and industrial sectors, with cutting-edge technologies and drilling depths of up to 1.200 meters. The company operates in artesian well drilling, routine and extraordinary maintenance, geothermal well construction, and pumping systems, also leveraging proprietary patented technologies.
The company can count on a team of around 30 professionals and in 2025 it achieved revenues of approximately 9,5 million euros, with a reported EBITDA of approximately €3,3 million. The company's order backlog, as of the end of March 2026, amounts to approximately €15,5 million.
The details of the agreement
Idrogeo will immediately integrate into the Aquanexa group, thus expanding the company's expertise. Infrastructures and Plants business unit, led by Tec.Am, which deals with the construction and management of drinking water and wastewater treatment plants.
“The entry of Idrogeo allows Aquanexa to complete its offering by extending the value chain to include the search for and collection of well water: an important source of supply, but recently less attention paid than the activities dedicated to reducing network losses, on which a large part of the investments of the PNRR period have been concentrated,” explains the company in a statement.
The words of the leaders
Andrea Lanuzza, CEO of Aquanexa Idrogeo will immediately integrate into the Aquanexa Group, allowing us to complete the Group's service portfolio and extend the value chain to include wells, an important water catchment source that isn't always given the due attention and a key component of our industrial strategy. In recent years, also as a result of the National Recovery and Resilience Plan (NRRP), we have focused primarily on reducing water losses, but the new challenges facing the water and industrial sectors must also address resource availability. In this regard, Arera has introduced the new M0 – Water Resilience indicator, and we are embracing this challenge by complementing Idrogeo's technical services with analysis and monitoring tools and digital platforms dedicated to the predictive maintenance of wells and the monitoring of all water catchment facilities.
Enrico Di Rubba, CEO of Tec.Am and director of the Infrastructures & Plants BU He adds: "The addition of Idrogeo naturally expands the capabilities of the Infrastructures and Plants business unit, complementing Tec.Am's plant engineering expertise with a new area dedicated to well collection, drilling, and maintenance. Together, they allow us to cover an even broader segment of the water cycle. We will be able to leverage the Group's existing skills, technologies, and resources, developing new solutions to support customers throughout all phases of water resource management."
Gino Longo and Claudio Guareschi, Idrogeo's directors commented: "Over forty-five years of business, we have built a wealth of specialized expertise and technological innovation, which today finds in Aquanexa the ideal environment for continued growth. We share the same industrial vision and the belief that the availability of water resources will become one of the key challenges of the coming years. Joining the Group means we can apply our experience to increasingly complex projects, maintaining the technical quality and capacity for innovation that have always distinguished Idrogeo."
In executing the new acquisitions, Aquanexa was assisted by EY-Parthenon as buy-side financial advisor for the M&A transaction, with a team coordinated by Partner and Head of M&A & Corporate Finance Leader Renato Salsa, and managed by Director Valentina Argentieri and Senior Analyst Matteo Amarilli; EpyonVivida for accounting aspects, with a team composed of Pietro De Ceglie, Giulia Carosella, and Stelina Muca; AndPartners for tax aspects with Stefano Versino and Alessandro Agresti; (iv) Grimaldi Alliance with Leonida Cagli and Rosaria Arancio; and Cappelli Riolo Calderaro Crisostomo Del Din & Partners with Roberto Cappelli and Stefania Lo Curto for legal aspects of due diligence and transaction structure. Idrogeo was supported by Advant NCTM of Milan for legal aspects and by Studio Rebecchi of Salsomaggiore Terme for tax aspects.
