TINC, the infrastructure investor listed on Euronext Brussels, is taking a stake in Azulatis, a company specialised in industrial water management. Azulatis has been an independent subsidiary of De Watergroep since 1 January 2023. Public water company Farys will also join as a third shareholder, contributing its industrial water business.
Azulatis is the market leader in Flanders for the implementation (design, construction, financing and maintenance) of tailor-made water projects under the form of a Water-as-a-Service (WaaS) model. Companies with high water consumption often do not see water management as their primary task. They therefore turn to water specialists to unburden them and optimise their water management, for instance through wastewater reuse. In the meantime, Azulatis serves some 50 customers in various sectors such as food, chemicals, agriculture, retail and logistics, healthcare and industrial production.
Azulatis is a spin-off of the industrial branch of Flemish public water company De Watergroep. Prior to the participation by TINC, public water company Farys also contributes its industrial water business in Azulatis, joining the capital on an equal footing. The investment by TINC will strengthen Azulatis' financial capacity, allowing it to expand its activities and accelerate its capacity for innovation.
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