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03/2026

SOSTELIA GROUP acquired by HERA GROUP

ITALY Utilities (Regulated Infrastructure) / Water EV 100M - 350M EUR

Context

Hera Group's acquisition of Sostelia represents a strategic move to consolidate its leadership in Italy's environmental services sector, with a specific focus on industrial and civil water treatment. The transaction creates a national benchmark player with a fully integrated service offering, spanning from plant design and construction to operation, maintenance, and the ultimate disposal of liquid waste and purification sludge. A primary driver for the deal is the significant potential for commercial and operational synergies with Herambiente, Hera's environmental services subsidiary. The integration is expected to broaden Herambiente's commercial portfolio by adding Sostelia’s specialized services, such as plant revamping and maintenance for private industrial clients. Conversely, Sostelia's extensive customer base presents a valuable new market for Herambiente's established waste management solutions. The acquisition also combines the deep technical know-how of both entities, enhancing their collective capabilities to address increasingly stringent environmental regulations, such as new EU directives on wastewater treatment, and tackle challenges like water scarcity and pollutant abatement. By integrating Sostelia’s expertise, plant infrastructure, and commercial reach, Hera Group aims to diversify its revenue streams, expand its customer base, and bolster its business resilience in a market that demands continuous innovation and high-quality service.

SOSTELIA GROUP, which reported an EBITDA margin of LOGIN in 2025, is valued in this transaction at an EV/EBITDA multiple of LOGIN.

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

Target

Sostelia Group is a prominent Italian private company specializing in advanced technologies for the treatment of both industrial and civil water. The company offers an integrated suite of services encompassing the design, construction (EPC), operation, and maintenance (O&M) of water treatment facilities. Its operations are geographically concentrated in Northern Italy, though it maintains an established international presence that generates a significant portion of its revenue. Sostelia's business model is diversified across business lines and customer types. Approximately half of its revenue stems from providing water treatment solutions, which serve as a crucial entry point for securing long-term management and maintenance contracts, with the remainder derived from ancillary services. The company's customer base is broad, with a primary focus on industrial clients, which account for about 70% of its activity, complemented by significant public contracts in the municipal segment. It directly manages over 1,200 plants for more than 1,200 active customers. In addition to its core services, Sostelia has a direct presence in waste management through an advanced liquid waste treatment plant located in Casalmaggiore, Cremona. The company is also noted for its expertise in addressing modern environmental challenges, including solutions for PFAS abatement and sludge treatment.

Ent. Value

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Equity Value

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Multiples

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EV / EBITDA

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EV / EBIT

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Historical Financials (EUR)

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REFERENCES

Valuation range: EV 100M - 350M EUR

Revenue range: 100M - 200M EUR

EBITDA range: 10M - 30M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of SOSTELIA GROUP by HERA GROUP are reserved for mynth community members. Register for free to unlock full data.

Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Target: sostelia group

Acquirer: hera group