Indicor Announces Acquisition of Ovarro-US

CHARLOTTE, NC / ACCESSWIRE / September 5, 2024 / Indicor, LLC, a leading diversified industrial company specializing in mission-critical technologies across a variety of niche markets, today announced that it has reached a definitive agreement in an all-cash transaction to acquire Ovarro, a leading provider of advanced technology solutions for monitoring and managing mission-critical infrastructure.

Ovarro’s suite of water management and process control solutions serves a global customer base by improving customer operational efficiency, data analytics and sustainability. Their offering includes advanced monitoring systems, data-driven insights and integrated technology solutions that support the management of critical infrastructure.

“Ovarro is a significant addition to Indicor’s portfolio of niche industrial technologies. They are leaders in systems and analytics used to manage critical assets, including water and other key processes,” said Doug Wright, CEO of Indicor. “This acquisition aligns perfectly with our strategy to enhance our technology capabilities and expand our reach in the water and environmental sectors.”

“Today marks an important milestone for Ovarro as we become part of Indicor’s portfolio of innovative industrial technologies,” said David Frost, CEO of Ovarro. “This is a partnership that will take us to new heights and unlock incredible growth opportunities. This partnership will allow us to leverage Indicor’s expertise, further driving innovation and value for our customers around the world.”

About Indicor

Indicor is a leading diversified industrial solutions company known for market-leading businesses that deliver specialized, mission-critical solutions to niche markets. Indicor employs a disciplined, process-oriented approach to capital deployment and value creation through its proprietary Indicor Business Excellence (IBEX) system.

About Ovarro

Ovarro technology is used globally by customers in the water, broadcasting and transportation industries to monitor, control and manage critical infrastructure and assets.

Ovarro’s connected technology is always available, always on. It is secure, tested and trusted, seamlessly integrating with our customers’ assets. This technology excels at collecting and communicating data from the most remote and challenging environments on the planet. It enables businesses to work smarter and more efficiently.

For more information, visit www.ovarro.com.

The transaction is expected to close within approximately 30 business days, subject to required regulatory approvals and other customary closing conditions.

For media inquiries, please contact:

Tiffany Fuller
[email protected]

Contact information:

Tiffany Fuller
Vice President
[email protected]
9803468500

SOURCE: Indicator

The original press release can be read at newswire.com.