TINC Joins Force in Sustainable Water Management

TINC, an infrastructure investor listed on Euronext Brussels, has announced its investment in Azulatis, focusing on industrial water management. The investment involves a 33.33% stake acquisition approximately valued at €8 million, funded by available cash. Azulatis, a market leader in Flanders for Water-as-a-Service (WaaS), extends services to sectors like food, healthcare, and industrial production.

Following TINC's involvement, the public water company Farys has also joined Azulatis as a new shareholder, pooling their industrial water segment into the business. This partnership is expected to leverage Azulatis's capacity for innovation and expansion significantly. The alliance aims to pioneer a climate-proof water system for Flanders, enhancing sustainable and circular water management practices.

The transaction, still pending approval from the Competition Authorities, will contribute immediately to TINC's results as per the company announcement. Executives from TINC and partnering companies expressed confidence that this venture will address the growing demands of water management critically affected by environmental and climatic changes.