Energy and water efficiency specialist Eneraqua Technologies PLC (AIM:ETP) is planning to join AIM later this month.
The group, advised by finnCap, hasn’t yet set a valuation or IPO price.
Eneraqua provides solutions for decarbonisation through heating and hot water systems for multiple occupancy social housing and commercial projects.
It also helps utilities and commercial clients, such as hotels and care homes, to make their water usage more efficient.
Operations are based on its wholly-owned intellectual property, the Control Flow HL2024 family of products, which reduce water wastage and improve the performance of heating and hot water systems.
The firm operates through two divisions: energy, which is the largest with clients in end of life gas, oil or electric heating and hot water systems, and water.
Headquartered in London, Eneraqua has other offices in Leeds, Kolkata, Toledo and Emmen and 94 employees in total.