New investors for Azulatis: TINC and Farys

Azulatis: Market leader in water management solutions for companies via the Water-AS-A-Service (Waas) Model

Azulatis is the market leader in Flanders for the implementation (design, construction, financing and maintenance) of tailor-made water projects in the form of a water-as-a-service (Waas) model. Companies that have large water consumption often do not see water management as their primary task. They therefore turn to water specialists to relieve them and to optimize their water management, for example through the reuse of waste water. In the meantime, Azulatis serves 50 customers in various sectors such as food, chemistry, agriculture, retail and logistics, health care and industrial production.

Azulatis sprout stems from the privatization of the industrial branch of the water group. Prior to the participation by Tinc , fellow water company Farys its industrial water activities to Azulatis and will in an equal manner to capital.

Thanks to the investment of TINC, Azulatis' financial strength is strengthened, allowing the company to expand its activities and accelerate its innovation capacity. TINC is investing around € 8 million and acquires a participation of 33.33% in Azulatis. The investment is financed with available cash and will immediately contribute to the result of TINC. The implementation of the transaction is subject to the approval by the competition authorities.

TINC is a listed investment company that wants to create sustainable value by investing in the infrastructure for the world of tomorrow. TINC participates in companies that are active in the realization and operation of infrastructure and maintains a diversified portfolio of participations in focus areas such as public infrastructure, energy infrastructure, digital infrastructure and selective real estate and this in Belgium, France, Ireland and the Netherlands.

“With this participation, TINC is investing in the future of water management, a sector that is evolving rapidly as water becomes an increasingly precious commodity due to population growth, environmental pollution and climate change. Innovation in this sector is therefore crucial. The circular model in which wastewater is reused is just one of many possibilities. TINC is therefore delighted to support this initiative."

– Manu Vandenbulcke, Chief Executive Officer of TINC

"The water economy is rapidly evolving, and Azulatis is well positioned to play a pioneering role in the transition to a climate-proof water system for Flanders, thereby contributing to the Blue Deal, which takes a radically different approach to water management. Thanks to the partnership with TINC, we are gaining additional financial clout and expertise at Azulatis to respond flexibly and efficiently to the demands of its industrial customers, and Azulatis can develop new techniques for circular industrial water."

– Hans Goossens, Chief Executive Officer of De Watergroep

"This collaboration opens up enormous potential to respond quickly, effectively and in a targeted manner to the challenges and opportunities presented by sustainable water management in industrial activities. Each response will be situation-specific, creative and innovative, as well as economically and ecologically responsible for all stakeholders."

– Marleen Porto-Carrero, CEO Farys