XPV Water Partners acquires majority stake in Aquatic Informatics
Aquatic Informatics Inc has amalgamated with WaterTrax and Linko Technology, both software providers to water and wastewater utilities and agencies. No financial terms were disclosed. Aquatic Informatics, a Vancouver-based company in the same vertical, said the merger creates a complete suite of software solutions for managing water resources, water and wastewater compliance. The deal was backed by XPV Water Partners, a Canadian water-focused private equity firm. XPV acquired the majority stake held in Aquatic Informatics by Canadian impact venture capital firm Renewal Funds, an investor since 2010. The company is led by President and CEO Ed Quilty.
12 July 2017•4 mins read
