The two companies first teamed up in early 2023, with Xylem distributing Idrica’s GoAigua technology globally and taking a minority stake in Idrica.
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. Now the acquisiton of a majority stake will enable the two companies to further integrate their solutions and create a simpler, more powerful customer experience.
“Deepening our partnership with Idrica is a critical piece of our strategy to deliver intelligent solutions to our customers,” said Matthew Pine, CEO of Xylem. “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.”
Jaime Barba, CEO of Idrica and head of Xylem Vue, 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.”
