Atlanta, June 14, 2021 (GLOBE NEWSWIRE) – Mueller Water Products, Inc. (NYSE: MWA) today announced that it has acquired pressure management solutions provider i2O Water Ltd ( “I2O Water”). cash.
i2O Water provides smart water supply networks to more than 100 water supply companies in more than 45 countries/regions. It provides solutions that enable customers to instrument, analyze, and control water supply networks to reduce leakage, reduce energy consumption, and improve supply. Reduce water loss. i2O Water was established in 2005 and is headquartered in Southampton, UK, with operations in Malaysia and Colombia. i2O Water provides a series of market-leading smart water supply network solutions, including advanced pressure management, network analysis, event management, data logging and iNet software suite.
The acquisition of i2O Water enhances Mueller’s ability to accelerate its software products. i2O’s intelligent network solutions complement Sentryx™, Mueller’s digital service platform, and existing Mueller technology products for metering, leak detection, pipeline condition assessment, and water quality. In addition, Mueller plans to launch i2O products and solutions in North America, which currently does not have i2O.
Scott Hall, President and CEO of Mueller Water Products, said: “The focus of our digital transformation strategy is to enable water companies to effectively monitor and manage their infrastructure networks.” i2O’s stress management solutions, analysis and deep technical expertise It will help expand our ability to provide products and solutions that support the elastic and sustainable needs of our customers. ”
After the transaction is completed, i2O Water will become part of the technical department of Mueller Water Products. Mueller’s management will discuss the acquisition in more detail during its third-quarter fiscal 2021 financial results conference call.
Forward-looking statements This press release contains certain statements that may be considered “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. All statements concerning the company’s intentions, expectations, planned activities, events or developments, projects, projects that are believed or expected to occur or may occur in the future are forward-looking statements. Forward-looking statements are based on certain assumptions and assessments made by the company based on the company’s experience and views on historical trends, current conditions and expected future development. Due to many factors, including regional, national or global political, economic, commercial, competitive, market and regulatory conditions, any failure to achieve for any reason (including due to actions taken by the US or foreign governments or regulatory agencies to manufacture and import goods ), we will acquire the expected benefits of i2O Water within the current expected (or fundamental) period of time (other jurisdictions), and the integration of i2O Water’s business into our own business will be severely delayed or more costly or difficult than expected Risks, the impact of the acquisition announcement on our business or i2O Water’s business, the transfer of management’s attention to our ongoing business operations and opportunities, and other factors described in this section are edited in Item 1A of the Annual Report on Form 10-K “Risk factors” (all of these risks may be amplified by the COVID-19 outbreak). Forward-looking statements do not guarantee future performance and are only valid on the date they are made. Except as required by law, the company assumes no obligation to update its forward-looking statements. You should not place undue reliance on any forward-looking statements. It is recommended that you review any further disclosures on related topics in the company’s subsequent forms 10-K, 10-Q, 8-K and other reports filed with the US Securities and Exchange Commission.
Mueller Water Products, Inc. (NYSE: MWA) is a leading manufacturer and marketer of products and services for the transmission, distribution and measurement of water in North America. Our broad product and service portfolio includes engineering valves, fire hydrants, pipeline connection and maintenance products, metering products, leak detection and pipeline condition assessment. We help municipalities improve operational efficiency, improve customer service, and prioritize capital expenditures, showing why Mueller Water Products is the place where Smart Meets Infrastructure®. Please visit our website www.muellerwaterproducts.com.
Mueller means one or more Mueller Water Products, Inc. of Delaware Corporation (“MWP”) and its subsidiaries. MWP and each of its subsidiaries are legally independent entities when providing products and services. MWP does not provide products or services to third parties. MWP and each of its subsidiaries are only responsible for their own actions and omissions, and are not responsible for each other’s actions and omissions. MWP brands include Mueller®, Echologics®, Hydro Gate®, Hydro-Guard®, HYMAX®, Jones®, Krausz®, Mi.Net®, Milliken®, Pratt®, Pratt Industrial®, Singer® and US Pipe Valve & Fire Fighting bolt. Please visit muellerwp.com/brands for more information.
Post time: Jun-26-2021
