Pan-European mid-market private equity firm Agilitas has announced the completion of the strategic acquisition of Oxford Scientific Software by its portfolio company Hydro International.
Hydro International is a leading global provider of advanced products, services and technology for the treatment of wastewater and the control of stormwater, for municipal, industrial and construction customers.
Oxford Scientific Software is the developer of the industry-leading Aquator software platform which enables engineers and analysts to create and run complex models of water resource systems.
Aquator is used by water utility companies to determine whether water networks can supply sufficient water to meet customer demand and by environment agencies to audit company models and develop their own policies.
Hydro International intends to work with Oxford Scientific Software’s team to further enhance the capabilities of Aquator to provide greater intelligence to its customer base.
In addition to the acquisition, Hydro International has strengthened its senior management team with the appointments of Bill Wilson as Chairman and Chris Bates as Chief Financial Officer.
Bill Wilson is an experienced Non-Executive Chairman who has sat on the boards of various private equity-owned and listed businesses. Prior to that he was Chief Executive Officer of the Wyko Group.
Previously with the Survitec Group, a business focused on safety solutions for the marine, offshore, military and aerospace sectors, Chris Bates has also worked for several private equity-owned companies.
Commenting on the deal, Martin Calderbank, Managing Partner at Agilitas, said:
“The acquisition of Oxford Scientific Software will help Hydro International further develop its technological capabilities and support its market-leading position. We are pleased to welcome Bill Wilson and Chris Bates, who both bring valuable experience to the company, and look forward to working with them in the next phase of Hydro International’s growth.”
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