Badger Meter Enhances Smart Water Capabilities With Acquisition of Syrinix
January 05 2023 - 4:10PM
Business Wire
Badger Meter, Inc. (NYSE: BMI) today announced the acquisition
of Syrinix, Ltd., a privately held provider of intelligent water
monitoring solutions, for £15 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.
Kenneth C. Bockhorst, Chairman, President and Chief Executive
Officer, Badger Meter, stated, “We are pleased to add the
hardware-enabled software capabilities of Syrinix into our smart
water solutions portfolio. 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.”
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 Syrinix
Syrinix is an award-winning global market leader in providing
high-resolution data-led insights for utility networks. Its
PIPEMINDER-ONE series of water and wastewater monitoring solutions,
RADAR cloud-based network analysis platform, and Syrinix
Intelligence analysis and consultancy services help cost-conscious
utilities move network management from reactive to proactive,
improving performance and saving time and money. For more
information, visit syrinix.com/uk/
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Karen Bauer (414) 371-7276 kbauer@badgermeter.com
Badger Meter (NYSE:BMI)
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