In-Situ eyes Europe with Waterra

UK-based Waterra, which supplies groundwater monitoring equipment, has been acquired by US company In-Situ in a strategic transaction that aims to increase the group’s market share across Europe.

The financial details of the acquisition have not been disclosed, but an In-Situ statement says Waterra’s managing director Peter Dumble will remain head of the subsidiary and help oversee the expansion of In-Situ into Europe.

The statement continues, ‘The strategic acquisition significantly strengthens In-Situ’s presence in the UK and Irish markets, particularly in the groundwater sector and provides a platform for growth into other established European markets that require monitoring equipment.’

Founded by hydro-geologists Dumble and David Charlesworth in 1991 in Solihull, the business supplies groundwater monitoring equipment and support training to companies. Colorado-based In-Situ designs, manufactures, distributes, and rents environmental equipment for monitoring the quantity and quality of groundwater and surface water.
Dumble comments, ‘Having spent nearly 20 years growing a thriving business, the other shareholders and I decided to sell to a larger company that could continue our success and take the business to the next level.’

Says Hugh Ashburner, deal leader at BCMS Corporate, adds, ‘We are pleased to have identified a strategic acquirer for Waterra and with it enable the company’s shareholders to realise the value of the business they have invested in for almost two decades.’

Todd Cardy

Adelbert Swaniawski

Todd was Editor of between 2010 and 2011 as well as being responsible for publishing our digital and printed magazines focusing on private equity and venture capital. Connect with...

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