XPV Water Partners further expands its portfolio of companies worldwide with an investment in Metasphere Ltd.
Tadworth, United Kingdom – August 30, 2018 – XPV Water Partners, a growth equity investor focused on making investments in companies related to the treatment and management of the world’s water resources, announced today that it has supported a management buyout of Metasphere Ltd, an internationally recognised end-to-end provider of remote telemetry solutions. Metasphere has been operating in the remote monitoring and control business for 30+ years and its products and services are widely recognised in the industry with solutions that improve process efficiency, meet regulatory requirements, and preserve valuable natural resources. As a member of the XPV Water Partners family of portfolio companies, Aquatic Informatics is excited to share this news.
Metasphere utilises the latest technology and products including IoT to ensure extensive functionality, with unparalleled reliability and scalability, to reduce the cost of telemetry ownership for customers seeking to monitor time-critical remote assets and systems. The company offers a full range of battery and mains powered remote telemetry units, that deploy a variety of communication protocols, and which are sensor agnostic, to suit a wide range of application requirements. A web-hosted system offers a simplified telemetry monitoring platform while applications support connectivity of devices using IoT. Metasphere serves the increasing needs of many major utility companies throughout the UK, Europe, and Australasia.
“I am proud of the success and industry respect that our brand has achieved. This partnership with XPV Water Partners will enable Metasphere to significantly increase our presence and support in the telemetry market.” says Tim O’Brien, CEO. “It will allow us to enhance our ability to deliver value to our customers through the development of technology and services that is adaptive to the needs of utilities worldwide.”
“We have been building a relationship with this company for the better part of two years and are impressed with its growth profile, technology, and customer base. Our partnership will focus on helping the company expand its relationships with utilities and grow its offering.” stated Khalil Maalouf, Partner at XPV Water Partners. “We are pleased to partner with a management team that is dedicated to contributing to the growth prospects of such an exciting company.”
About XPV Water Partners
XPV Water Partners is comprised of experienced water entrepreneurs, operators, and investment professionals dedicated to making a difference in the water industry. XPV partners with, invests in, and actively supports water-focused growth companies so they can grow and deliver value for all stakeholders. XPV manages over $400 million in investment capital from some of the top institutional investors in North America, Europe, the Middle East, and Asia. The XPV family of portfolio companies is making a difference in water, both by driving more efficient management of the world’s most critical resource, and by creating significant shareholder value that can help move the industry forward. Aquatic Informatics is a proud member of the family of XPV portfolio companies. Visit www.xpvwaterpartners.com to learn more.
Metasphere Ltd provides robust asset monitoring of time critical remote operations for operators to gain competitive advantage and meet regulatory compliance. The ability to monitor remote assets and systems in real time is a defining process of telemetry and in order to achieve this, Metasphere provides system solutions using its own components combined with the latest technology and products. The company offers open-standard interfaces to allow its users to readily integrate Metasphere products and solution offerings into their existing IT infrastructure, thereby minimising time and cost for the user and ensuring that data collection devices and systems are as interoperable and as secure as possible within a smart water and waste water network. Visit www.metasphere.co.uk to learn more.
For more information please contact:
XPV Water Partners
Phone: 1-416-864-0475 ex 306
Contact: Esther Doss – Director of Communications
XPV WATER PARTNERS
40 University Avenue, Suite 801
Toronto, Canada, M5J 1T1