Badger Meter Inc. announced that it has acquired Syrinix Ltd., a provider of intelligent water monitoring solutions, for £15 million ($17.8 million USD).
Founded in 2010 and headquartered in the United Kingdom, 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.
“We are pleased to add the hardware-enabled software capabilities of Syrinix into our smart water solutions portfolio,” says Kenneth C. Bockhorst, chairman, president, and chief executive officer of Badger Meter. “I look forward to working alongside the talented Syrinix team to further our aim to preserve the world’s most precious resource.”
Syrinix offers its PIPEMINDER-ONE series of water and wastewater monitoring solutions, RADAR cloud-based network analysis platform, and Syrinix Intelligence analysis and consultancy services.
Badger Meter is a global provider of water solutions encompassing flow measurement, quality, and other system parameters.