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 focusing on the future of water management, a sector that is now strongly evolving water is becoming more and more a precious good due to population growth, environmental pollution and climate change. Innovation in this sector is therefore crucial. The circular model in which waste water is reused is just one of the many possibilities. TINC is therefore pleased to support this initiative. "

– Manu Vandenbulcke, CEO Tinc

“The water economy is in full development, and Azulatis is well placed to play a pioneering role in the transition to a climate -resistant water system for Flanders and thus contributes to the Blue Deal in which water management is radically looked at. Thanks to the partnership with TINC, we bring in extra financial strength and expertise from Azulatis to respond flexibly and efficiently to the questions of its industrial customers, and Azulatis can develop new techniques regarding circular industrial water. ”

– Hans Goossens, CEO De Watergroep

“This collaboration opens enormous potential to giving substance to the challenges and opportunities in terms of sustainable water management in industrial activities quickly, focused and effectively. Each time situation-specific, creative and innovative and both economically and ecologically responsible for all stakeholders. ”

– Marleen Porto-Carrero, CEO Farys