PATRIZIA has signed a deal to acquire an 85 percent stake in Atlantico, Italy’s third-largest independent smart street-lighting operator by number of light points managed. Financial terms were not disclosed.
Established in 2012, Atlantico has a substantial portfolio that has the near-term potential to expand to more than 550,000 LPs by 2026 — the result of being awarded large-scale public lighting concessions in most regions across Italy. In addition to public lighting, Atlantico has businesses specializing in the energy efficiency of public buildings, project finance for energy service-company contracts and solar-PV projects. It manages a portfolio of more than 500 public buildings that have transitioned into smart buildings, as well as EV-charging stations for more than 100 waste-collection boats. Finally, it is now developing a 1-megawatt PV plant and reviewing 23.5 megawatts of additional projects for industrial clients’ facilities.
The deal represents the th
