Xylem Acquires Tideland
News Feb 05, 2016
News of the acquisition was shared in the Company’s 4th quarter earnings announcement.
Headquartered in Houston, Texas, with key locations in the Netherlands, the United Kingdom, and Singapore, Tideland is a leading producer of analytics solutions in the coastal and ocean management sectors, sold under the Tideland and IMT brands. With navigation and analytical products and services used by ports and harbours, marine authorities, offshore oil and gas and wind power installations, Tideland generated revenue of approximately $48 million in 2015.
“The Tideland acquisition demonstrates Xylem’s commitment to acquire attractive businesses that complement our global portfolio, and enable us to provide solutions to the tough water challenges our customers face every day,” said Colin Sabol, Xylem’s Senior Vice President and President of Analytics and Treatment. “Tideland’s products, services, and long-standing customer relationships will extend our reach within the ocean and coastal market, and provide us scale in the environmental monitoring systems business. We’re proud to have the Tideland team join ocean and coastal experts from Xylem representing brands like HYPACK, SonTek, Aanderaa and YSI.”