Xylem Acquires Tideland Signal Corporation
Xylem, a global provider of water analysis technology, announced in the presentation of the company’s Q4 earnings report the acquisition of Tideland Signal Corporation, a privately owned company specializing in analytics solutions in the coastal and ocean management sectors.
Headquartered in Houston, Texas, with locations in the Netherlands, the United Kingdom, and Singapore, Tideland generated revenue of approximately $48 million in 2015 with navigation and analytical products and services used by ports and harbours, marine authorities, offshore oil and gas and wind power installations.
“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.”