SMART CITY INFRASTRUCTURE FUND ACQUIRES SELETTRA, ITALY’S SECOND-LARGEST SMART STREETLIGHTING COMPANY

PATRIZIA, through its Smart City Infrastructure Fund, acquires Selettra S.p.A, a leading Italian smart streetlighting company, marking SCIF’s second investment in Europe and Italy.

Following the recent acquisition of Ottima, SCIF re-invests in the Italian smart streetlighting space, creating a EUR 180 million portfolio in the country. Selettra is one of the leading smart streetlighting companies by the number of LPs managed, with a particular focus in southern Italy.

Selettra is focused in participating to public tenders and winning concession contracts, as well as assembling the LED streetlight technology in the finalised products.

Click here to view the full press release.

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