In a strategic move to enhance its smart water solutions portfolio, Badger Meter, Inc. has acquired SmartCover Systems from XPV Water Partners for $185 million. This acquisition stresses Badger Meter’s commitment to advancing water infrastructure management through innovative technologies.
About Badger Meter
Founded over a century ago, Badger Meter is a global leader in water technology, specializing in flow measurement, water quality monitoring, and control products. The company’s offerings provide essential data and analytics to optimize operations for water utilities, municipalities, and industrial customers worldwide. Badger Meter’s product line includes advanced metering infrastructure (AMI) systems, smart water meters, and comprehensive software solutions designed to promote the sustainable use and protection of water resources.
About SmartCover Systems
SmartCover Systems is an award-winning provider of real-time remote monitoring and data analytics solutions for water and wastewater infrastructure. Their technology enables utilities to prevent sewer overflows, optimize collection system cleaning, minimize hydrogen sulfide odors, accurately identify inflow and infiltration, and efficiently operate pump stations. By transforming real-time data into actionable insights, SmartCover helps utilities reduce operational expenses, defer capital expenditures, and improve environmental performance.
About XPV Water Partners
XPV Water Partners is a growth equity investor focused on companies related to the treatment and management of water resources. They partner with innovative water technology companies, providing capital and expertise to accelerate growth and drive the adoption of sustainable water solutions. XPV’s portfolio includes companies specializing in smart water technologies, water quality monitoring, and advanced data analytics.
Strategic Implications of the Acquisition
The acquisition of SmartCover Systems aligns with Badger Meter’s strategy to expand its smart water offerings by integrating advanced technologies that provide real-time, actionable data. By incorporating SmartCover’s remote monitoring and data analytics capabilities, Badger Meter aims to offer a more comprehensive suite of solutions to its customers, enhancing their ability to manage water and wastewater infrastructure efficiently.
This move also reflects the growing trend in the water industry towards digitalization and the use of data-driven technologies to address challenges such as aging infrastructure, water scarcity, and environmental compliance. By leveraging SmartCover’s innovative solutions, Badger Meter is well-positioned to meet the evolving needs of utilities and municipalities seeking to modernize their water management practices.
Badger Meter’s acquisition of SmartCover Systems represents a significant step in advancing smart water infrastructure management, combining the strengths of both companies to deliver enhanced value to customers and contribute to the sustainable stewardship of water resources.