Badger Meter enhances smart water capabilities with acquisition of Syrinix
(UI) — Badger Meter Inc. has announced the acquisition of Syrinix Ltd., a privately held provider of intelligent water monitoring solutions, for £15 million ($18 million), funded with available cash.
Founded in 2010 and headquartered in the UK, Syrinix specializes in high-frequency pressure monitoring and leak detection within water distribution and collection networks. Its remote network monitoring equipment and cloud-based software platform deliver data, customized alerts and insights that empower customers with real-time asset monitoring to reduce water loss and improve asset life.
“We are pleased to add the hardware-enabled software capabilities of Syrinix into our smart water solutions portfolio,” Kenneth C. Bockhorst, chairman, president and CEO, Badger Meter, said. “Leveraging our industry-leading ORION Cellular endpoints and BEACON software, we continue to expand our comprehensive digital solutions to operationalize real-time data into actionable insights that improve efficiency, resiliency and sustainability. I look forward to working alongside the talented Syrinix team to further our aim to preserve the world’s most precious resource.”
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