Germany’s Wilo SE has acquired shares in US smart water management specialist HydroPoint Data Systems Inc.
Based in Petaluma, California, Hydropoint specialises in smart solutions for water management and focuses on sustainable water savings in public buildings, administration and educational facilities. The company’s ‘HydroPoint 360º Smart Water Management Platform’ identifies potential savings in water management, including real-time water consumption data or weather analyses.
Berlin, Germany-based Wincubator is managing the investment for Wilo. Founded in November 2016, Wincubator is Wilo’s external investment and innovation arm.
“The investment is an important building block for us in our continued orientation towards intelligent system solutions for the digitally networked areas of life,” said Oliver Hermes, CEO of Wilo Group. “Together, Wilo and HydroPoint offer a large repertoire of future technologies, networking and knowledge. This investment is a further step in expanding our expertise as a system provider of tailor-made, intelligent and resource-efficient solutions and allows us to access new business areas and cooperation opportunities.”
Chris Spain, CEO of HydroPoint, welcomes the new partnership: “We are proud to have Wilo as a strategic investor,” he said. “We know Wilo as a committed and innovative pioneer in the pump industry and we look forward to working with them.”
“We are seeing a global trend towards progressive urbanisation, with the consequence that cities continue to grow and merge into so-called ‘Smart Urban Areas’,” added Hermes. “The task of intelligently networking these cities in order to make them liveable and conserving resources at the same time is one of the great challenges. Our response to these challenges are intelligent system solutions.”
