Aqualia acquires the French company Services Publics et Industries Environnement (SPIE)

The acquisition of the company involves the entry of Aqualia in the French water management market SPIE provides its services to 140,000 inhabitants in the Île de France region

Aqualia, the water management company owned by FCC (51% share) and the Australian ethical fund IFM Investors (49% share), recently acquired 100% of the French company “Services Publics and Industries Environnement” (SPIE) to the French Holding SPI.

Aqualia had already shown its interest in the French market for some time now, the largest in Europe where models of public and private management coexist. It is a dynamic market requiring major investments and technological capabilities.

SPIE is an independent medium-sized company that brings 120 years of experience in public water service management, serving some 140,000 citizens through 8 supply management contracts and 2 sanitation contracts in the Île de France region.

The incorporation of Aqualia to SPIE shareholders will provide technical expertise and additional financial capacity, complementing the successful public services management project, based on proximity and excellence, that the French company has been developing.

The company produces 10 M m3 of water per year for human consumption and manages 5 M m3 of wastewater as part of its activity in this region. In addition, SPIE manages 700 km of distribution networks, 32 water tanks and 70 pumping stations, as well as another 200 km of sanitation networks.