Announced
Completed
Financials
Sources
Tags
Acquisition
Private
Completed
Friendly
Single Bidder
Cross Border
Majority
United Kingdom
analytics solutions
Water
Synopsis
Grundfos, an industrial machinery manufacturing company, completed the acquisition of Metasphere, a provider of telemetry and analytics solutions for water networks. Financial terms were not disclosed. “Joining forces with one of the biggest names in the water utility industry is an important milestone on the journey towards our vision of zero spillage. With Grundfos, we will also be able to explore innovative ways to utilise different assets in a sewer network to avoid overflow across its global network. We are proud to be a UK-based business with the tools to make water systems work better for everyone, both in the UK and worldwide,” Tim O’Brien, Metasphere CEO.
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