Eco Eridania S.p.A., an Arenzano, Genova-based service company and consultancy in the environmental sector, recently received a €14.3m equity investment.
The company used the proceeds from the investment to acquire Prato-based Team Ambiente, which was active in the special waste management sector. The operation will generate a group with 280 employees and a turnover of over €54m.
Founded by in 1988 Andrea (CEO) and Rossella Giustini, Eco Eridania manages the collection, transportation and disposal of “hazardous and non-hazardous waste”, mainly from hospitals. The company, which operates a fleet of about 100 vehicles, warehouses, and storage facilities, with sites in the North of Italy and Sardinia, plans to announce additional acquisitons soon.