Xylem Acquires Majority Stake in Idrica to Empower Water Utilities With Intelligent Solutions
10 Dezembro 2024 - 9:15AM
Business Wire
Companies will further integrate solutions that
help utilities accelerate digitalization and tackle critical
challenges such as water scarcity and aging infrastructure
Global water solutions company Xylem (NYSE: XYL) today announced
that it has acquired a majority stake in Idrica, a leader in water
data management and analytics, to empower water utilities with
intelligent solutions for their most critical challenges.
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. Today’s move 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.”
According to Jaime Barba, CEO of Idrica and head of Xylem Vue,
“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.”
Over the past year and a half, water utilities worldwide have
deployed the Xylem Vue integrated software and analytics platform
to optimize their infrastructure, lower costs, and adapt to new
conditions.
For example, the City of Hot Springs, Arkansas, improved its
operations by adding virtual district metering areas using Xylem
Vue. The integrated software and analytics platform enabled the
city to pinpoint high water loss areas by creating smaller, more
manageable zones within the network. By deploying these
advanced digital solutions, Hot Springs reduced non-revenue water
loss by nearly 50%.
Another example is the city of Monterrey, Mexico. Servicios de
Agua y Drenaje de Monterrey, I.P.D. (SADM), which serves a
metropolitan area of 5.3 million people, sought a digital solution
to monitor severe drought conditions and enhance efficiency.
Xylem Vue enabled SADM to implement smart monitoring and
management of water pressure, flow and consumption. The platform
also helps the utility identify potential anomalies that point to
visible and hidden leaks. As a result, SADM has realized overall
water savings of 17% – and up to 37% in certain key sections of
pipeline – significantly increasing its operational efficiency and
management.
About Xylem
Xylem (XYL) is a Fortune 500 global water solutions company that
empowers customers and communities to build a more water-secure
world. Our 23,000 diverse employees delivered combined pro forma
revenue of $8.1 billion in 2023, optimizing water and resource
management with innovation and expertise. Join us at www.xylem.com
and Let’s Solve Water.
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version on businesswire.com: https://www.businesswire.com/news/home/20241210980286/en/
Steve Bauer +1 (667) 453-1271 Steve.Bauer@xylem.com
Xylem (NYSE:XYL)
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