Acquisition Consolidates Tech Approaches to Water Utility Efficiency
Metron-Farnier, LLC, a leader in advanced metering infrastructure, has acquired Georgia-based WaterSignal for its real-time analytics and water conservation capabilities.
The acquisition, Metron’s first since partnering with XPV Water Partners in 2019, positions the company to expand its offerings and rapidly deploy solutions in support of existing and new customers in strategic growth markets, including the real estate sector.
“As many states determine the path forward in a future with increasingly limited water supplies and failing water infrastructure, accurately monitoring and accounting for water use has become critical,” Metron CEO Matt Laird said. “Our industry-leading, high-resolution water usage analytics are helping our customers locate leaks and system failures, reduce water loss, prioritize repairs, improve revenue streams, and better manage demand.”
Laird said the Metron team is thrilled to welcome WaterSignal.
“We are motivated to achieve record results that make a significant difference for our customers. Combining our teams’ invaluable expertise and innovative technologies will allow Metron to offer expanded solutions to reach strategic markets and further improve insights and savings,” he said.
Aaron Beasley, the executive vice president of WaterSignal, said joining Metron and picking up an expanded role in serving multiple industries has been a reasonably fluid process with a team that has a reputation for listening to its customers and delivering an unmatched experience in the marketplace.
“We share many of the same values and look forward to working together,” Beasley said.
Khalil Maalouf, an investment partner with XPV Water Partners, said Metron with the WaterSignal acquisition now offers the water industry “a truly game-changing software solution” that helps customers not just track, but have a deeper understanding of water use and water use systems.
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