What Irisacqua does

Irisacqua S.r.l. is a publicly-owned Italian water utility that operates the Integrated Water Service (Servizio Idrico Integrato) for all 25 municipalities of the Province of Gorizia under a 30-year exclusive in-house concession signed in September 2006. The company manages the entire water cycle — drinking water supply (acquedotto), sewage collection (fognatura), and wastewater treatment (depurazione) — for residential and non-residential end-users across the territory, with revenues generated primarily through ARERA-regulated water tariffs. Founded on December 29, 2005, as a spin-off from Iris spa and wholly owned by the 25 shareholder municipalities, Irisacqua operates as a regulated monopoly with no profit distribution to shareholders; all earnings are reinvested in infrastructure.

Irisacqua's technology stack combines GIS-based cartographic infrastructure management, IoT sensors for water flow monitoring and leak detection, and supervised telemetry systems (Netribe) at plant sites. The company holds ISO 9001 (quality), ISO 14001 (environmental), and ICIM 125 (professional qualification) certifications, and has been awarded over one million euros in ARERA premiality for technical quality performance in 2018–2019. Infrastructure investments total 227 million euros planned since 2006, with 128 million euros already realized, including 11.6 million euros deployed in 2022 alone alongside net profit of approximately 400,000 euros on a value of production slightly above 31 million euros.

The company is pursuing a 'Smart' digital transformation program, including IoT-enabled pressure optimization and a network enterprise (Rete d'Impresa) with other Friuli Venezia Giulia water operators, and is the first utility in the region to partner with GSE for renewable energy projects such as the planned 2 MW Mochetta photovoltaic installation. It also secured 14 million euros in PNRR funding for smart water and infrastructure upgrades and participates in the cross-border INTERREG V-A CONA project with Slovenian partners. Customer access is enabled through service counters in Gorizia and Ronchi dei Legionari, a multilingual online portal (Italian, Slovene, Friulian), and toll-free phone lines for information, self-meter reading, and 24/7 emergency response.

Name

Irisacqua

Legal name

IRISACQUA S.r.l.

Website

https://irisacqua.it

Company type

Private

Founded year

2005

Operating status

Operating

Headcount range

51–100 employees

Short description

Irisacqua S.r.l. is a publicly-owned Italian water utility that manages the Integrated Water Service — drinking water supply, sewage, and wastewater treatment — for 25 municipalities in the Province of Gorizia under a 30-year exclusive in-house concession.

Ownership category

akta.pro rank

Product category

Water Utility Services

NAICS

Water, Sewage and Other Systems (2213), Water Supply and Irrigation Systems (221310), Sewage Treatment Facilities (221320)

SIC

Water Supply (4941), Sanitary Services (4950)

akta.pro primary industry

Water Sourcing & Abstraction (Surface Water, Groundwater, Intake Works) (EUANAAAA)

akta.pro secondary industries

Water Quality Monitoring (Surface Water, Stormwater, Drinking Water) (EUAHACAC), Water & Wastewater Utility IoT (SCADA, Leak/Quality Monitoring) (EUADAPAK)

Keywords

• Integrated water service
• Water utility management
• Wastewater treatment
• Sewerage infrastructure
• Public water supply

Headquarters

HQ city

Gorizia

HQ country

Italy

HQ region

Europe

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Technology or R&D, Marketing or Sales, Supply Chain

Revenue model

1. Integrated Water Service Tariffs (Tariffe del Servizio Idrico Integrato): Irisacqua generates revenue primarily through regulated water tariffs charged to residential and non-residential end-users across the 25 municipalities of the Province of Gorizia. Tariffs are set and regulated by ARERA (Autorità di Regolazione per Energia Reti e Ambiente). Revenue also includes ARERA premiality payments for quality performance (over 1 million euros awarded for 2018-2019 results), and tax credits on electricity costs. The 2022 production value was slightly above 31 million euros.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Irisacqua provides the Integrated Water Service (Servizio Idrico Integrato) — drinking water supply (acquedotto), sewage collection (fognatura), and wastewater treatment (depurazione) — to all residential and non-residential end-users across the 25 municipalities of the Province of Gorizia, Italy, under a 30-year exclusive concession. The company manages the full water cycle infrastructure, charges regulated ARERA-set water tariffs, and supplements operations with customer services (online portal, toll-free hotlines, service counters), water quality testing, and IoT-based smart water monitoring.

Product overview

Irisacqua is a publicly-owned water utility company (100% public capital, controlled by 25 municipalities in the Province of Gorizia) that manages the Integrated Water Service (Servizio Idrico Integrato - SII), which includes water supply, sewage, and wastewater treatment across the entire Province of Gorizia. The company offers customer-facing digital services including an online portal (Sportello Online) for account management and bill payments, an appointment booking system, and an online request system. Additional services include toll-free phone lines for information, self-reading submissions, and 24/7 emergency response. The company also operates the 'Smart Water Management' digital transformation initiative incorporating IoT technologies for monitoring water flows and detecting leaks, and participates in environmental projects like Progetto CONA for cross-border water ecosystem improvement.

Differentiator

Problem solved

Functional benefit

Products and services

• Sportello Online (Online Customer Portal)
• Prenotazione Appuntamento (Appointment Booking System)
• Richieste Online (Online Customer Requests)
• Servizio Idrico Integrato (Integrated Water Service)
• Progetto CONA (Cross-border Ecological Initiative)

Quantifiable outcome

• 16% reduction in energy consumption following completion of the Monfalcone water supply system upgrade
• +4 more outcomes

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered core.

• GSE (Gestore Servizi Energetici)coreStrategic or Co-development Partner · 1 January 2022First in the Friuli Venezia Giulia region, Irisacqua established a partnership and consulting agreement with GSE for energy sustainability. This partnership provides access to GSE's expertise for renewable energy projects including photovoltaic installations and energy community development.
• Smart Water Management (Rete d'Impresa)coreStrategic or Co-development Partner · 1 January 2022A network enterprise (rete d'impresa) formed by Irisacqua with other integrated water service operators in the Friuli Venezia Giulia region. Established to collaboratively pursue PNRR projects, share smart water management technologies, and create synergies among regional water utilities.
• VODOVODI IN KANALIZACIJA NOVA GORICA d.d.coreStrategic or Co-development Partner · 1 January 2016Slovenian partner in the INTERREG V-A Italia-Slovenija 2014-2020 CONA project (€309,099 budget allocated). Together with Irisacqua as Lead Partner and Šolski Center Nova Gorica, the project aims to improve the ecological status of the Corno river and the Isonzo river mouth area in the Adriatic.
• ŠOLSKI CENTER NOVA GORICAcoreStrategic or Co-development Partner · 1 January 2016Slovenian educational partner in the INTERREG V-A Italia-Slovenija CONA project (€172,365 budget). Part of the cross-border collaboration for the ecological improvement of the Corno and Isonzo river basins.

Scale indicators6 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• Acea Group: Rome-based multi-utility with a large water segment (Acea Ato 2) covering the Lazio region. Provides regulated integrated water services under a long-term concession — same regulatory regime as Irisacqua, but vastly larger asset base and listed corporate parent.
• Hera Group: Multi-utility listed on the Italian stock exchange, providing water, gas, electricity and waste services across Emilia-Romagna and beyond. Largest private-sector water operator in Italy; comparable in regulated water service revenue and ARERA exposure but vastly larger and multi-utility.
• A2A Group: Multi-utility listed in Milan providing water, electricity, gas and waste services across Lombardy. Comparable in regulated water activities under ARERA, but at much larger multi-utility scale with a broader service portfolio than Irisacqua.
• MM S.p.A. (Metropolitana Milanese): Milan's municipal in-house water utility (Ato Città Metropolitana di Milano), publicly owned by the municipality. Operates the full integrated water cycle under concession; directly comparable in-house governance and service scope, but at metropolitan scale.
• Iren Group: Italian listed multi-utility active in water (Iren Acqua), gas, electricity and waste, serving territories in Liguria, Piedmont and Emilia. Operates regulated integrated water services under in-house / concession models similar to Irisacqua but at multi-regional scale.

Regional players

• Acque Veronesi: In-house water utility serving ~80 municipalities in the Province of Verona, managing acquedotto, fognatura and depurazione under ARERA regulation. Very comparable size, governance and operational model to Irisacqua, though in a different Italian region.
• BrianzAcque: In-house water utility for the Province of Monza-Brianza, wholly owned by local municipalities and operating the integrated water service. Closely matched to Irisacqua in scale, in-house ownership structure, and concession-based monopoly model.
• Pavia Acque: In-house water utility for the Province of Pavia, owned by local municipalities and managing drinking water supply. Comparable in municipal in-house model, regulated ARERA tariffs, and provincial-scale scope, though primarily focused on water supply rather than full integrated service.

Direct peers

• SMAT Torino: Turin's municipal in-house water utility, also owned by local municipalities under an in-house model, managing the full integrated water service (acquedotto, fognatura, depurazione). Closely comparable governance, concession-based monopoly, and ARERA-regulated revenue model.

Emerging players

• Veolia Italia: Italian subsidiary of global utility Veolia, providing water and waste services through municipal concessions in several Italian territories. Comparable in ARERA-regulated water service delivery and capex-heavy operations, though with private (not public) ownership and international scale.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/irisacquasrl
• LinkedInlinkedin.com/company/irisacqua
• Xx.com/irisacqua

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Irisacqua