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HERA S.p.A. ( (IT:HER) ) has issued an update.
Gruppo Hera has completed the acquisition of 100% of Gruppo Sostelia, a group of water treatment companies led by STA Società Trattamento Acque and rooted across northern Italy, for an enterprise value of €138 million. The deal consolidates Hera’s presence in civil and industrial water treatment, a segment closely aligned with its waste and environmental services.
Through Sostelia’s network of over 1,200 plants, 1,200 customers and about 350 employees, Hera becomes Italy’s leading private player in water treatment, offering integrated capabilities from design and construction to operation, maintenance and disposal of liquid waste and sludge. The transaction is expected to add more than €20 million to Hera’s consolidated EBITDA, with further upside from commercial and operational synergies, particularly with its Herambiente subsidiary, reinforcing its competitive position in the water and waste value chain.
The most recent analyst rating on (IT:HER) stock is a Buy with a EUR4.70 price target. To see the full list of analyst forecasts on HERA S.p.A. stock, see the IT:HER Stock Forecast page.
More about HERA S.p.A.
Gruppo Hera is one of Italy’s largest listed multi-utilities, active in the environment, energy and water sectors and serving more than 7.5 million citizens with over 10,500 employees. The company, a member of the FTSE MIB and included in the Dow Jones Best-in-Class Index, focuses on integrated public services and sustainable infrastructure across northern and central Italy.
YTD Price Performance: 1.34%
Average Trading Volume: 2,951,962
Technical Sentiment Signal: Buy
Current Market Cap: €5.96B
For an in-depth examination of HER stock, go to TipRanks’ Overview page.