Badger Meter Extends BlueEdge™ Suite of Solutions with Acquisition of SmartCover
Badger Meter (NYSE: BMI) has announced the acquisition of SmartCover Systems for $185 million, funded with available cash. SmartCover, generating approximately $35 million in annual revenue, provides real-time monitoring solutions for utility water collection systems, focusing on sewer line and lift station monitoring.
The acquisition enhances Badger Meter's BlueEdge™ suite of water management solutions by adding SmartCover's technology, which helps utilities predict, detect, and prevent sewer overflow spills. The system provides 24/7 monitoring of sewer levels, pattern analysis, and automatic alerts for potential issues. SmartCover's solutions also reduce the need for frequent cleanings, detect intrusion, and minimize harmful sewer gases.
This strategic acquisition positions Badger Meter in the fast-growing stormwater management space, which is in early adoption stages across North America and other markets. The company plans to leverage its sales network to accelerate municipal adoption of SmartCover's solutions.
Badger Meter (NYSE: BMI) ha annunciato l'acquisizione di SmartCover Systems per 185 milioni di dollari, finanziati con liquidità disponibile. SmartCover, che genera circa 35 milioni di dollari di fatturato annuale, offre soluzioni di monitoraggio in tempo reale per i sistemi di raccolta delle acque, concentrandosi sul monitoraggio delle fognature e delle stazioni di sollevamento.
L'acquisizione migliora la suite di soluzioni di gestione dell'acqua BlueEdge™ di Badger Meter, aggiungendo la tecnologia di SmartCover, che aiuta i servizi pubblici a prevedere, rilevare e prevenire le fuoriuscite delle fognature. Il sistema fornisce monitoraggio 24 ore su 24, 7 giorni su 7 dei livelli delle fognature, analisi dei modelli e avvisi automatici per potenziali problemi. Le soluzioni di SmartCover riducono anche la necessità di pulizie frequenti, rilevano intrusioni e riducono i gas nocivi delle fognature.
Questa acquisizione strategica posiziona Badger Meter nel settore della gestione delle acque piovane in rapida espansione, che è nelle fasi iniziali di adozione in Nord America e in altri mercati. L'azienda prevede di sfruttare la propria rete di vendite per accelerare l'adozione municipale delle soluzioni di SmartCover.
Badger Meter (NYSE: BMI) ha anunciado la adquisición de SmartCover Systems por 185 millones de dólares, financiados con efectivo disponible. SmartCover, que genera aproximadamente 35 millones de dólares en ingresos anuales, proporciona soluciones de monitoreo en tiempo real para sistemas de recolección de agua de utilidad, centrándose en el monitoreo de líneas de alcantarillado y estaciones de bombeo.
La adquisición mejora la suite de soluciones de gestión de agua BlueEdge™ de Badger Meter al agregar la tecnología de SmartCover, que ayuda a las utilidades a predecir, detectar y prevenir derrames de desbordamiento de alcantarillado. El sistema proporciona monitoreo 24/7 de los niveles de alcantarillado, análisis de patrones y alertas automáticas para problemas potenciales. Las soluciones de SmartCover también reducen la necesidad de limpiezas frecuentes, detectan intrusiones y minimizan los gases nocivos del alcantarillado.
Esta adquisición estratégica posiciona a Badger Meter en el mercado de gestión de aguas pluviales, que está en las primeras etapas de adopción en América del Norte y otros mercados. La compañía planea aprovechar su red de ventas para acelerar la adopción municipal de las soluciones de SmartCover.
배저 미터(Badger Meter, NYSE: BMI)가 스마트커버 시스템(SmartCover Systems)을 1억 8500만 달러에 인수했다고 발표했습니다. 이 자금은 사용 가능한 현금으로 충당되었습니다. 스마트커버는 연간 약 3500만 달러의 수익을 올리는 회사로, 하수도 및 펌프장을 모니터링하는 유틸리티 물 수집 시스템을 위한 실시간 모니터링 솔루션을 제공합니다.
이 인수는 배저 미터의 블루엣지™ 물 관리 솔루션 제품군을 개선하며, 스마트커버의 기술이 추가되어 하수도 과부하 유출을 예측, 탐지 및 예방하는 데 도움을 줍니다. 이 시스템은 24시간 하수도 수준 모니터링, 패턴 분석 및 잠재적인 문제에 대한 자동 경고를 제공합니다. 스마트커버의 솔루션은 또한 잦은 청소의 필요성을 줄이고, 침입을 탐지하며, 유해한 하수 가스를 최소화합니다.
이번 전략적 인수는 배저 미터를 빠르게 성장하는 폭우 관리 분야에 진입시키며, 북미 및 기타 시장에서 초기 채택 단계에 있습니다. 회사는 스마트커버의 솔루션에 대한 지방 정부의 채택을 가속화하기 위해 판매 네트워크를 활용할 계획입니다.
Badger Meter (NYSE: BMI) a annoncé l'acquisition de SmartCover Systems pour 185 millions de dollars, financés par des liquidités disponibles. SmartCover, qui génère environ 35 millions de dollars de chiffre d'affaires annuel, propose des solutions de surveillance en temps réel pour les systèmes de collecte d'eau des services publics, en se concentrant sur la surveillance des égouts et des stations de relevage.
L'acquisition renforce la suite de solutions de gestion de l'eau BlueEdge™ de Badger Meter en ajoutant la technologie de SmartCover, qui aide les services publics à prédire, détecter et prévenir les débordements d'égouts. Le système offre une surveillance 24h/24 et 7j/7 des niveaux des égouts, une analyse des tendances et des alertes automatiques pour les problèmes potentiels. Les solutions de SmartCover réduisent également le besoin de nettoyages fréquents, détectent les intrusions et minimisent les gaz nocifs des égouts.
Cette acquisition stratégique positionne Badger Meter dans le secteur en pleine expansion de la gestion des eaux pluviales, qui est aux premiers stades d'adoption en Amérique du Nord et sur d'autres marchés. L'entreprise prévoit d'utiliser son réseau de vente pour accélérer l'adoption municipale des solutions de SmartCover.
Badger Meter (NYSE: BMI) hat die Übernahme von SmartCover Systems für 185 Millionen Dollar angekündigt, finanziert mit vorhandenen Mitteln. SmartCover, das ungefähr 35 Millionen Dollar Jahresumsatz generiert, bietet Echtzeit-Überwachungslösungen für die Wassersammlung von Versorgungsunternehmen an und konzentriert sich dabei auf die Überwachung von Abwasserleitungen und Pumpstationen.
Die Übernahme erweitert die BlueEdge™-Produktreihe von Badger Meter um die Technologie von SmartCover, die Versorgungsunternehmen dabei hilft, Abwasserausläufer vorherzusagen, zu erkennen und zu verhindern. Das System bietet eine 24/7-Überwachung der Abwasserstände, Musteranalysen und automatische Alarme für potenzielle Probleme. Die Lösungen von SmartCover reduzieren zudem die Notwendigkeit häufigerer Reinigungen, erkennen Eindringlinge und minimieren schädliche Abwasser-Gase.
Diese strategische Übernahme positioniert Badger Meter im schnell wachsenden Bereich des Regenwassermanagements, der sich in den frühen Phasen der Akzeptanz in Nordamerika und anderen Märkten befindet. Das Unternehmen plant, sein Vertriebsnetz zu nutzen, um die kommunale Annahme der Lösungen von SmartCover zu beschleunigen.
- Acquisition adds $35M in annual revenue to Badger Meter
- Transaction funded with available cash, indicating strong liquidity position
- Generates meaningful recurring software and support revenues
- Expands into fast-growing stormwater management market
- Enhances existing BlueEdge suite with complementary technology
- Significant cash outlay of $185M for the acquisition
Insights
The
Three key value drivers make this acquisition particularly compelling:
- Market Timing: The stormwater management space is in early adoption stages in North America, presenting significant growth runway
- Revenue Synergies: BMI's extensive municipal sales network can accelerate SmartCover's market penetration
- Recurring Revenue Enhancement: SmartCover's software-as-a-service model strengthens BMI's predictable revenue streams
The transaction's funding through available cash demonstrates BMI's robust balance sheet management while maintaining financial flexibility for future opportunities. The integration of SmartCover's solutions into the BlueEdge suite creates a comprehensive water management platform, addressing the full spectrum of municipal water infrastructure challenges.
Environmental regulations and infrastructure aging are creating tailwinds for smart water management solutions. With utilities facing pressure to prevent sewer overflows and optimize system maintenance, SmartCover's real-time monitoring capabilities position BMI to capture growing demand for predictive maintenance and environmental compliance solutions.
SmartCover's technology represents a quantum leap in wastewater infrastructure management, offering a sophisticated early warning system for environmental incidents. The solution's ability to detect pattern changes and predict potential issues transforms reactive maintenance into proactive management, significantly reducing the risk of catastrophic sewer overflows.
The system's technical sophistication delivers multiple operational benefits:
- Predictive Analytics: Advanced algorithms identify potential issues before they become critical, reducing emergency response costs
- Resource Optimization: Data-driven cleaning schedules eliminate unnecessary maintenance, reducing operational expenses and carbon footprint
- Environmental Protection: Real-time monitoring prevents sewage overflows that can damage ecosystems and threaten public health
With climate change intensifying weather events and straining aging infrastructure, SmartCover's solutions become increasingly critical for utilities. The technology's ability to monitor stormwater impacts and manage system capacity during extreme weather events provides essential resilience for municipal infrastructure systems.
SmartCover, with approximately
Kenneth C. Bockhorst, Chairman, President and Chief Executive Officer of Badger Meter, stated, “SmartCover fits directly into our BlueEdge suite of hardware-enabled software solutions, enhancing the scope of data, information and analytics that collectively strengthen our customers’ water management practices. We hear from our customers with greater frequency that extreme weather events will often cause significant problems for municipal water infrastructure. SmartCover is the market leader in the fast-growing stormwater management space, which is in the very early stages of adoption in
“We’re excited to join forces with Badger Meter to enable water utilities to more effectively deal with the range of challenges associated with aging infrastructure, limited resources, and the impact of severe weather events on system resiliency,” said Corey Williams, President and CEO of SmartCover. “Badger Meter’s innovation and leadership in the smart water management space makes it a natural home for our market-leading collection system monitoring technologies. Together, we will aid customers in visualizing and optimally managing the full extent of their wastewater management systems.”
The management team of Badger Meter will discuss the acquisition in more detail during its fourth quarter and full year 2024 financial results conference call, which will begin later today, January 31, 2025, at 10:00 AM Central/11:00 AM Eastern time. Shareholders and other interested parties may access the webcast and related presentation via the Investor section of the Company’s website. Individuals wishing to participate in the call should use this online registration link: https://www.netroadshow.com/events/login?show=a5367bfa&confId=76111.
About Badger Meter
With more than a century of water technology innovation, Badger Meter provides comprehensive water management solutions through its BlueEdge™ suite. This tailorable portfolio of smart measurement hardware, reliable communications, data visualization and analytics software and ongoing support and industry expertise give customers the edge in optimizing their operations and contributing to the sustainable use and protection of the world’s most precious resource. For more information, visit www.badgermeter.com.
About SmartCover
SmartCover transforms real-time remote infrastructure data into insights helping utility customers minimize OpEx, reduce CapEx and improve environmental performance. Our remote monitoring and controls for sewer, lift stations and stormwater infrastructure enable utilities to eliminate overflows, optimize collection system cleaning, minimize H2S odors, accurately identify inflow and infiltration and efficiently operate pump stations. Our solutions allow users to convert reliable and accurate data into actionable outcomes enhancing performance, reducing costs, and maximizing resources.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250131597165/en/
Karen Bauer
(414) 371-7276
kbauer@badgermeter.com
Source: Badger Meter, Inc.
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