Aquam Corp., a water infrastructure solutions company, has sold Aquam Water Services Ltd. (AWS) and Orbis Intelligent Systems to Cadence Equity Partners partnered with Unigestion, in a single transaction.
This transaction enables Aquam to focus on and accelerate the growth of its innovative pipe rehabilitation technologies and services. AWS provides technologies and services that enable U.K. utilities to acquire and analyze critical network data to manage their networks. Orbis provides non-invasive solutions for utilities that monitor flow parameters and assess the condition of pipes.
The combination of AWS and Orbis is expected to unlock data analytics opportunities with existing AWS customers, drive AWS’ international expansion, and create new opportunities for Orbis leveraging AWS’ customer base and reach.
“The fact that this transaction was completed in the current extraordinarily challenging and uncertain environment validates the strategic rationale