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Xylem announces acquisition of MultiTrode Pty Ltd to enhance global water and wastewater monitoring and control offering
Xylem Inc. announced that it has acquired MultiTrode Pty Ltd., a privately held Australia-based water and wastewater technology and services company, for approximately $26 million. The actual terms of the transaction were not disclosed.
With its advanced monitoring and control technologies, MultiTrode helps municipal and private water and wastewater authorities realize savings on operating costs—reducing energy consumption, call-outs, failures and overflows. MultiTrode’s technology and services portfolio includes pump station controllers and supervisors, level-sensing devices, web-based monitoring services, Supervisory Control and Data Acquisition (SCADA) software, panels, and engineering and integration services.
“As a standalone water company, an essential part of Xylem’s growth strategy is to acquire companies that complement our own technology and geographic presence to better meet the evolving needs of our customers,” said Gretchen McClain, Xylem's president and CEO.
Based in Brisbane, MultiTrode Pty Ltd. was founded in 1986 and has approximately 60 employees. With additional offices in the U.S. and the U.K., the company has extensive distribution channels throughout the world and recorded sales of approximately $13 million in fiscal 2012. Water authorities in more than 20 countries rely upon MultiTrode’s solutions to control and optimize some of the largest pump and lift stations in the world.