Badger Meter Broadens Water Quality Offering With Acquisition of Analytical Technology, Inc.
January 08 2021 - 8:30AM
Business Wire
Badger Meter, Inc. (NYSE: BMI) today announced the acquisition
of Analytical Technology, Inc. (“ATi”), a privately held provider
of water quality monitoring systems, for $44 million, funded with
available cash.
Founded in 1992, with headquarters in Collegeville,
Pennsylvania, USA, ATi specializes in the design, manufacture and
distribution of water quality instruments based on electrochemical
and optical sensors. In addition to water quality parameters, its
technology is also used to detect toxic gasses used in water
treatment and other applications.
With 2020 revenue of approximately $22 million, ATi solutions
are deployed predominately in the U.S. and Europe, with the latter
served from a regional office near Manchester, U.K. ATi offers
modular, configurable and low-power multi-parameter water
monitoring solutions that can be used in a variety of applications
where periodic or continual monitoring is required. Data can be
stored locally or communicated to a central database via almost any
protocol.
Kenneth C. Bockhorst, Chairman, President and Chief Executive
Officer, Badger Meter, stated, “The combination of solutions -
including industry-leading electrochemical sensors from ATi with
premier optical water quality monitoring instruments from s::can,
which we acquired in November 2020 - provides Badger Meter with a
fully comprehensive, robust and scalable water quality monitoring
offering that delivers real-time data on demand to municipal water
utilities and industrial users.”
“Through both organic investments and accretive acquisitions,
our core strategy is to continue to augment our smart water
offerings by seamlessly integrating advanced technologies in
instrumentation - including flow measurement, temperature, pressure
and water-quality parameters - thereby enhancing the scope of
valuable data for use by utilities and industrial customers,”
Bockhorst added. “Leveraging our industry-leading ORION® Cellular
endpoints, along with current and future communication and software
technologies, we are creating robust digital solutions to
operationalize real-time data into actionable insights that drive
better results, optimize operations, reduce costs and create
outstanding customer experiences.”
Bockhorst concluded, “I look forward to working alongside the
talented ATi team and welcoming them into the Badger Meter
organization. By leveraging our collective expertise, we believe we
can continue to build out our smart water offerings and geographic
reach, helping to preserve the world’s most precious resource.”
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 Analytical Technology, Inc
(ATi)
ATi is a leading provider and innovator of water quality
monitoring solutions, as well as toxic and combustible gas
detectors, for municipal and industrial markets. Our pioneering and
industry leading range of smart water distribution monitors,
process control monitors and gas detectors are trusted to deliver
reliable information and provide strategic solutions for the most
demanding of applications. For more information, visit
analyticaltechnology.com
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version on businesswire.com: https://www.businesswire.com/news/home/20210108005025/en/
Karen Bauer at (414) 371-7276 kbauer@badgermeter.com
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