Xylem acquires majority stake in water data management, analytics company Idrica
Global water solutions company Xylem has said it has acquired a majority stake in Spain-based Idrica, a leader in water data management and analytics. The acquisition will help empower water utilities with intelligent solutions for their most critical challenges, the company said.
Xylem Vue, which combines Xylem’s existing digital water solutions portfolio with Idrica’s technology platform, empowers customers to address critical challenges such as water scarcity and aging infrastructure with real-time insights.
The acquisition will enable the two companies to further integrate their solutions and create a simpler, more powerful customer experience. Both companies have not disclosed the terms of the acquisition.
Valencia-headquartered Idrica has a presence in Hong Kong in Asia.
“Deepening our partnership with Idrica is a critical piece of our strategy to deliver intelligent solutions to our customers,” said Xylem CEO Matthew Pine. “Together, we can help them see deeper into their networks and use insights to solve long-standing problems like water loss more effectively and affordably than ever before.”
Over the past year and a half, water utilities worldwide have deployed the Xylem Vue integrated software and analytics platform to optimize their infrastructure, lower costs, and adapt to new conditions, said Xylem in an official statement.
For example, the City of Hot Springs, Arkansas, improved its operations by adding virtual district metering areas using Xylem Vue. The integrated software and analytics platform enabled the city to pinpoint high water loss areas by creating smaller, more manageable zones within the network. By deploying these advanced digital solutions, Hot Springs reduced non-revenue water loss by nearly 50 per cent, the statement said.
“Every day, water utilities are challenged by complex systems that make it difficult to use data to make decisions. Our deeper partnership will further enable water and wastewater utilities to connect and manage their digital assets and streamline operations in a simple, secure and holistic view”, said Idrica CEO and Xylem Vue head Jaime Barba.
