Sale of Syrinix Limited to Badger Meter Inc

BDO.LiveSite.Deals.IndustryManufacturing & Natural resources & Energy
BDO.LiveSite.Deals.SubIndustryEngineering & Natural resources

Founded in 2010 and headquartered in the UK, Syrinix specialises 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, customised alerts and insights that empower customers with real-time asset monitoring to reduce water loss and improve asset life.

Badger Meter Inc is a listed, US based, provider of water flow and measurement solutions. The acquisition of Syrinix further expands Badger's Smart Water capabilities and global reach.

“A skilled M&A adviser who guided us through the many twists and turns of the transaction, BDO applied its strong sector knowledge and negotiating expertise in securing a positive and well received shareholder outcome in the sale to a strategic international acquirer. Additionally, the wider capabilities within BDO also proved invaluable, with the M&A team able to quickly draw on the expertise of other disciplines, helping to protect shareholder value.  We have worked with the team for a number of years and have always found them extremely responsive and would certainly recommend them to others looking to sell their business.”

James Dunning, CEO, Syrinix Limited

“James and the Syrinix team have developed exceptional solutions for the water industry. Through the smart use of technology and automation Syrinix enables water companies to operate more efficiently, sustainably and profitably. The Business has been gaining strong traction across the industry and we are delighted to have identified Badger Meter to help accelerate future growth.”

Roger Buckley, Corporate Finance Partner, BDO