Badger Meter Expands Smart Water Offerings With Acquisition of s::can
November 03 2020 - 8:00AM
Business Wire
Badger Meter, Inc. (NYSE: BMI) today announced that it has
acquired s::can GmbH (“s::can”) and subsidiaries, a privately-held
provider of water quality monitoring systems for a cash purchase
price of €27 million.
Founded in 1999 with headquarters in Vienna, Austria, s::can
specializes in optical water quality sensing solutions that provide
real-time measurement of a variety of parameters in water and
wastewater utilizing in-line monitoring systems. With 2019 revenue
of approximately $15 million, s::can’s solutions are deployed
across the globe and meet EPA and other regulatory guidelines.
Unlike traditional water quality testing, s::can solutions capture
real-time data through sensors and systems that do not rely on
reagents and other consumables resulting in lower capital and
operating costs.
s::can was recently awarded the Frost & Sullivan Best
Practices Award for Growth, Innovation & Leadership in the
Global Smart Online Water Sensor Solutions Market. Frost &
Sullivan recognized s::can as a “pioneer in developing intelligent,
accurate, and reliable IoT-enabled sensors” with a “product line
which is cutting-edge and cost-effective.”
“Even during these unprecedented times, we continue to execute
on our growth strategies, including pursuing strategic and
accretive acquisitions,” said Kenneth C. Bockhorst, Chairman,
President and CEO of Badger Meter. “Water quality is a growing
concern across the globe. We believe adding s::can and their
expertise in real-time water quality monitoring to the trusted
Badger Meter portfolio is of tremendous strategic value to our
customers. Just as water utility billing moved from manual reads to
Advanced Metering Infrastructure (AMI), water quality monitoring is
moving from lab sample testing to online, real-time collection,
monitoring and reporting. I look forward to working with the
combined Badger Meter and s::can teams to leverage our collective
expertise and deliver outstanding benefits to our customers
globally.”
The addition of real-time water quality parameters to Badger
Meter’s core flow measurement, pressure and temperature sensing
capabilities, enhances the scope of actionable data for
municipalities to improve operational security, awareness and
efficiency. In addition, the combined offering can provide
industrial customers with both process and discharge water quality
monitoring capabilities.
Bockhorst concluded, “Our ambition is for this acquisition to be
the first of several as we expand our smart water focus by bringing
together advanced technologies in instrumentation, while leveraging
our industry-leading AMI solution consisting of our ORION® Cellular
endpoint along with current and future software technologies, to
provide actionable, real-time data that benefits our customers, end
consumers and the planet.”
About Badger Meter
With more than a century of water technology innovation, Badger
Meter is a global provider of industry leading water solutions
encompassing flow measurement, quality and other system parameters.
These offerings provide our customers with the data and analytics
essential to optimize their operations and contribute to the
sustainable use and protection of the world’s most precious
resource. For more information, visit badgermeter.com.
About s::can
s::can GmbH was founded by Andreas Weingartner and four
co-founders as a University spin-off in 1999 and is based in
Vienna, Austria. With sales offices in six countries and sales
partners around the world, s::can water quality monitoring systems
are available in more than 45 countries. The innovative company is
serving the whole water industry, from drinking water to
environmental to wastewater. Today, with over 10,000 systems sold,
s::can is the global leader in online optical water monitoring
systems. For more information, visit www.s-can.at
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version on businesswire.com: https://www.businesswire.com/news/home/20201103005071/en/
Karen Bauer at (414) 371-7276 kbauer@badgermeter.com
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