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Badger Meter, Inc. (NYSE: BMI) announced its acquisition of Syrinix, Ltd. for £15 million, to be funded with available cash. Syrinix specializes in intelligent water monitoring solutions, enhancing Badger Meter's portfolio with high-frequency pressure monitoring and leak detection technology. This acquisition aims to advance Badger Meter's smart water solutions by integrating Syrinix's capabilities with its ORION® Cellular endpoints and BEACON® software, promoting efficiency, sustainability, and operational insights in water management.
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Acquisition of Syrinix enhances Badger Meter's smart water solutions portfolio.
Integration of Syrinix's technology could improve efficiency and sustainability in water management.
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MILWAUKEE--(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/
