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Leaks Remain a Huge Problem for the Water Industry: Is Innovation Changing the Game?
I am excited to attend the 9th edition of the Global Leakage Summit, taking place in London, U.K., in just a few weeks. I was heartened to see a conference dedicated specifically to this important sub...Montagu Eyes Smart Water Tech, De-lists Servelec
U.K.-based private equity firm Montagu Funds announced that its takeover of Servelec Group had been sanctioned by the High Court of Justice in England and Wales. Montagu Funds purchased all share capital of Servelec Group at a 19.8% premium over closing US$298 million deal represents a 13x EBITDA multiple.
Through acquisition and development, Servelec has assembled a broad smart water offering to address key pain points for municipal water utilities. The overlap of data collection and analytical solutions has also left many water utilities overwhelmed, data rich, information poor, and software solution fatigued.
Servelec Technologies’ full solution smart water portfolio– spanning data collection, transmission, management, advanced analytics and strategic asset management– will be a key focal point for Montagu, as it seeks growth opportunities in an emerging, yet challenging, municipal market environment.
Wetlands Mitigation Banking
The Water Values Podcast veteran Jud Hill returns to discuss wetlands mitigation banking. Jud, an experienced water investor, now turns his attention to bringing scale, expertise and capital to the we...Eric Bindler
Eric Bindler is senior research director for Bluefield Research, overseeing Bluefield’s Digital Water and Municipal Water research services. His areas of expertise include digital water technolo...Tracing the Arc of Puerto Rico’s Evolving Water Infrastructure Troubles
On 24 January 2018, Puerto Rico Aqueduct and Sewer Authority (PRASA) released a working draft of a revised fiscal plan to address capital improvement projects, including recovery efforts from hurricanes Irma and Maria. Prior to the hurricanes, Puerto Rico was already facing significant water quality issues.
Puerto Rico is moving from acute emergency management to long-term disaster recovery. Capital improvements related to the hurricane are expected to exceed US$720 million between 2018 and 2022, further squeezing an already struggling system.
Global Smart Water: Market Trends, Competitive Shifts, & Project Activity, Year-End 2017
In 2017, Bluefield tracked 264 smart water projects globally, up 11% from 238 projects in 2016. The metering, asset and network management segments saw the largest increase.
Smart water project announcements in 2017 were driven by utility responses to regulation, mitigation of water supply risk, and need to adapt to increasingly digital customers.
Demand for smart water solutions is reflected by an increasingly active M&A market. 2017 deals of note include Xylem’s acquisition of Pure Technologies and EQT’s acquisition of Innovyze.
In this Data Insight, Bluefield water experts analyze:
- Global Smart Water Project Trends
- Key Utility Accounts
- Smart Water Meter Announcements
- M&A in the Smart Water Sector
- Venture Capital Investment
