Intellihub Group has entered into an agreement to acquire Taggle Systems, according to a post published by Intellihub. The transaction is subject to standard regulatory approvals. The purchase price was not disclosed in the source.
Intellihub said the deal brings together complementary expertise in smart metering, connected infrastructure, communications and data. The company described the acquisition as an important next step in the growth of its Smart Water business and said it strengthens its ability to support water utilities as they modernise their networks and use better data to manage water resources.
According to the post, the two companies see a significant opportunity to help utilities improve visibility across their networks, identify leaks earlier and deliver better outcomes for customers and communities. Intellihub did not provide further details on the transaction in the source.