American manufacturer Badger Meter has acquired Norwich intelligent water monitoring firm Syrinix in a £15m deal.
Founded in 2010, Syrinix specialises in high-frequency pressure monitoring and leak detection within water distribution and collection networks and is trusted by some of the largest water utilities across the world.
Its remote network monitoring equipment and cloud-based software platform deliver data, customised alerts and insights that empower customers with real-time asset monitoring to reduce water loss and improve asset life.
James Dunning, CEO of Syrinix, described it as a ‘very exciting start to the year’ and said the deal would enable it to increase its customer offering.
Badger Meter’s CEO and chairman Kenneth C. Bockhorst said: “We are pleased to add the hardware-enabled software capabilities of Syrinix into our smart water solutions portfolio.
“We continue to expand our comprehensive digital solutions to operationalise 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.”
Badger Meter is a global provider of industry leading water solutions encompassing flow measurement, quality and other system parameters.
Syrinix is an award-winning global market leader in providing high-resolution data-led insights for utility networks.