INDAQUA Successfully Secures €358 Million Funding for Future Growth

INDAQUA, a leading firm in the Iberian water and wastewater treatment industry, has announced a significant increase in funding amounting to €358 million. This strategic financial boost, provided by Schroders Capital and Santander, aims to enhance the company’s capital structure and facilitate sustainable growth in the coming years.

This pivotal achievement comes on the heels of INDAQUA's strong market performance in its primary territory of Portugal and the successful expansion into Spain. Over recent years, the company has established itself as a prominent player in water management across the Iberian Peninsula, enjoying a robust presence in both water supply and wastewater treatment.

Pedro Perdigão, the CEO of INDAQUA, highlighted the importance of this funding, stating, "Completing this financing is an important milestone for INDAQUA. It reinforces confidence in our business model and enables our growing company to rebalance its capital structure while continuing to provide high-quality water services to the communities we serve."

INDAQUA has been operating long-term municipal water concessions, currently serving over 810,000 residents in Portugal. In Spain, the company manages extensive water supply networks along with a portfolio of long-term municipal and industrial contracts. INDAQUA is committed to developing projects aimed at water efficiency, as well as providing operational and maintenance services, ensuring comprehensive urban water cycle management.

Recognized globally for its efforts in reducing Non-Revenue Water (NRW), a critical metric indicating water loss, INDAQUA has recorded unprecedented success in minimizing leakages through its operational efficiency strategies. To complement its endeavors, the company integrates renewable energy solutions, such as photovoltaic solar panels and on-site cogeneration systems, thereby promoting sustainability in its operations.

About INDAQUA

Founded in 1994, INDAQUA Group stands at the forefront of managing water supply systems for human consumption and treating wastewater. It ranks among the largest operators within the space of municipal concessions in Portugal, providing services to over 810,000 individuals.

Employing more than 900 staff members, INDAQUA manages public water and sanitation networks in various municipalities, including Santo Tirso/Trofa, Santa Maria da Feira, Matosinhos, Vila do Conde, Oliveira de Azeméis, Barcelos, Paços de Ferreira, and Marco de Canaveses.

In Spain, INDAQUA oversees 12 water supply concessions and the collection and treatment of wastewater across regions such as Toledo, La Rioja, León, Jaén, Granada, and Mallorca, serving more than 80,000 people.

Additionally, INDAQUA extends its expertise internationally, notably in Angola, focusing on engineering and technical advisory projects. The Group also dedicates itself to maintaining and supervising infrastructure, providing management and operational assistance through its subsidiaries, Aqualevel and Hidurbe. As a recognized leader in water efficiency, INDAQUA extends its services to various companies and public entities, particularly through short-term water efficiency projects.

This substantial funding round not only signifies INDAQUA's strong growth trajectory but also underscores its commitment to delivering sustainable water services while leveraging innovative techniques in efficiency and technology.