Xylem Inc., a water technology company, has acquired Tideland Signal Corporation.
Headquartered in Houston, Texas, with locations in the Netherlands, the United Kingdom and Singapore, Tideland is a producer of analytics solutions in the coastal and ocean management sectors, sold under the Tideland and IMT brands. With navigation and analytical products and services used by ports and harbors, marine authorities, offshore oil and gas and wind power installations, Tideland generated revenue of approximately $48 million in 2015.
“Tideland’s products, services and long-standing customer relationships will extend our reach within the ocean and coastal market, and provide us scale in the environmental monitoring systems business,” said Colin Sabol, Xylem’s senior vice president and president of analytics and treatment.
Source: Xylem, Inc.