Somos FCC - Nº11

water Acquires the companies Agua y Gestión y Codeur Aqualia has completed the ac- quisition of the company Agua y Gestión del Ciclo Integral S.A. The transaction includes 100% of the shares of Agua y Gestión del Ciclo Integral, 40% of the shares of the Aguas de Guadix (Granada) joint venture company and the conces- sion contracts awarded to its pa- rent company, Agua y Gestión S.A. by the municipalities of Huéscar (Granada) and San José del Valle (Cádiz). Companies operating in El Ejido (Almería) are excluded from the agreement. With this transaction Aqualia will manage the municipal water ser- vices of 18 new municipalities in Badajoz, Cáceres, Cádiz, Grana- da, Almería and Ciudad Real. San- tiago Lafuente, Aqualia’s Director for Spain, highlights the importan- ce of the transaction “to reinforce Aqualia’s current leadership in An- dalusia and Extremadura as a spe- cialised manager of public water services in these territories”. The new contracts, which are ope- rationally integrated into the exten- sive network of municipalities ma- naged by Aqualia in these regions, include a joint population of nearly 90,000 inhabitants, have an avera- ge duration of 12 years, a workfor- ce of 78 workers and a business portfolio of 60 million euros. Aqualia is the water management company owned by the citizen services group FCC (51%) and by the Australian ethical fund IFM Investors (49%). The company is Europe’s fourth largest private water company in terms of population served and ranks amongst the top ten worldwide (GWI, November 2017). It currently provides services to 22.5 million people in 1,100 municipalities in 18 countries: Algeria, Saudi Arabia, Colombia, Chile, Ecuador, United Arab Emirates, Spain, France, Italy, Mexico, Oman, Panama, Portugal, Qatar, the Czech Republic, Romania and Tunisia. The company reported EUR 1,115 million of revenue in 2018, with an order back log of nearly EUR 15,000 million. The transaction contributes 60 million euros to Aqualia’s business portfolio Aqualia is one of the world’s leaders in water management In Vera and Garrucha (Almería), with the support of Codeur In addition, Aqualia has acquired a significant stake in Codeur, a com- pany which, through a joint venture with the local government, will ma- nage the Municipal Water Service of Vera (Almería) until 2053. Codeur’s shareholders also inclu- de the Comunidad de Regantes Climasol, which brings together the majority of irrigators in the area. The company has an annual turnover of 8.6 million euros. With this stake in Codeur, Aqua- lia acquires a strategic position in eastern Almería, an area with se- rious water shortages that requires highly technical and professional water supply management. Aqualia has recently participated with Codeur in the public tender for the management of the Municipal Water Service of Garrucha. The TJV formed by both entities has been awarded the contract that will be signed soon. Following the finalisation of these two transactions, Aqualia is pre- sent in 91 municipalities in Anda- lusia, where it serves 2.2 million citizens. In Extremadura it collabo- rates with 108 local governments and provides services to more than 430,000 inhabitants. B U S I N E S S 17 B U S I N E S S