Fracta AI Takeover Maps Kurita’s Water Future
On 30 May 2018, Kurita Water Technologies Ltd. announced a strategic investment in U.S.-based Fracta, Inc., an early-stage company developing software solutions that leverages artificial intelligence for the water sector. The US$37 million deal sees Kurita acquire 50.1% of Fracta’s equity.
The Fracta investment reaffirms Kurita’s appetite for water technology innovation in the U.S. With this deal, Kurita is banking on Fracta to accelerate its market expansion into the municipal water sector.
In this Research Note, Bluefield water experts analyze Fracta’s capabilities and Kurita’s strategy within the digital water landscape. Learn more about our new Digital Water Insight service.