Mueller Water Products, Inc. announced that it has acquired i2O Water, Ltd. (“i2O Water”), a provider of pressure management solutions for approximately $20 million.
i2O Water delivers intelligent water networks to more than 100 water companies in over 45 countries around the world to reduce water loss by providing solutions that enable clients to instrument, analyze and control water networks to reduce leakage, lower energy consumption and improve supply.
Founded in 2005, i2O Water is headquartered in Southampton, United Kingdom, with operations in Malaysia and Colombia, according to the press release. The Company provides a range of market-leading intelligent water network solutions including Advanced Pressure Management, Network Analytics, Event Management, Data Logging and the iNet software suite, reported the press release.
The acquisition of i2O Water enhances Mueller’s ability to accelerate its software offerings. i20’s intelligent network solutions are complementary to both Sentryx, Mueller’s digital services platform, and existing Mueller technology-enabled products used for metering, leak detection, pipe condition assessment and water quality. Additionally, Mueller plans to introduce i20’s products and solutions in North America, where i20 currently has no presence.
Following the close of the transaction, i2O Water will become part of Mueller Water Products’ Technologies segment. Mueller management will discuss the acquisition in more detail during its third quarter fiscal 2021 financial results conference call, reported the press release.