Brown Deer-based Badger Meter Inc.
continued its expansion into water quality offerings with the acquisition of Pennsylvania-based Analytical Technology Inc.
Badger Meter funded the $44 million acquisition with available cash.
“The combination of solutions – including industry-leading electrochemical sensors from ATi with premier optical water quality monitoring instruments from s::can, which we acquired in November 2020
– provides Badger Meter with a fully comprehensive, robust and scalable water quality monitoring offering that delivers real-time data on demand to municipal water utilities and industrial users,” said Ken Bockhorst, chairman, president and chief executive officer of Badger Meter.
Headquartered in Collegeville, Pennsylvania and founded in 1992, ATi had annual revenue of around $22 million. The company offers modular, configurable and low-power multi-parameter water monitoring solutions in applications with both periodic and continual monitoring.
“We are creating robust digital solutions to operationalize real-time data into actionable insights that drive better results, optimize operations, reduce costs and create outstanding customer experiences,” Bockhorst said.