CHARLOTTE, NC / ACCESSWIRE / September 5, 2024 / Indicor, LLC, a leading diversified industrial company specializing in mission-critical technologies across multiple 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 the monitoring and management of critical infrastructure.

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

“Ovarro is an important 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 fits seamlessly with our strategy to enhance our technology capabilities and expand our reach in the water and environmental sectors.”

“Today marks a significant 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 propel us to new heights and open up incredible opportunities for growth. This partnership allows us to leverage Indicor’s expertise, further driving innovation and value for our customers globally.”

About Indicor

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

About Ovarro

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

Ovarro’s connected technology is always there, always on. It’s secure, proven and trusted, and integrates effortlessly with our customers’ assets. It excels at collecting and communicating data from some of the most remote and challenging environments on the planet, enabling businesses to work smarter and more effectively.

For more information, visit www.ovarro.com.

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

For press inquiries, please contact:

Tiffany Fuller
[email protected]

Contact details:

Tiffany Fuller
vice-chairman
[email protected]
9803468500

SOURCE: Indicator

View the original press release on newswire.com.