up-to-date: Jun 24, 2020 06:00 CDT
NYKOBING SJAELLAND, Denmark & HOUSTON,
June 24, 2020(Newswire.com) –
APX10, a SaaS enterprise based mostly in Denmark that will help wastewater utilities combine large info analytics to digitize operational and strategic conclusion-making procedures, yesterday declared it was acquired by Cimbria Nord – the Nordic affiliate of United States-based mostly non-public fairness expense business, Cimbria Capital.
Cimbria acquired APX10 from Hedelskabet, a 154-12 months-previous firm and a single of Denmark’s most renown and highly regarded companies in resilient green business innovation, nature management, and local climate adjust solutions. Brian V. Iversen, Founder and Managing Companion of Cimbria Nord and Cimbria Capital, led the expense initiatives with APX10’s and Hedelskabet’s government management with the purpose of securing this acquisition for worldwide growth.
“The Nordic countries are an epicenter of water innovation and reward from outstanding political security, safe residence legal rights, and a custom of precision and discipline that permeates the business lifestyle,” stated Brian V. Iversen. “Because inception, Cimbria has centered its initiatives on investing in organizations from this region and supporting organizations scale by means of our firm’s value-insert Acceleration System and transatlantic networks. We are for that reason very pleased to have collaborated with Hedelskabet on finalizing this obtain to assistance extend APX10’s chopping-edge large info solutions for water and wastewater utilities transitioning to new engineering programs.”
APX10 operates innovative info analytics by means of its proprietary system, the info|APX® system, to facilitate the digital transformation and insights of infrastructure owners and operators by means of most effective-in-course info abilities and personalized modules. With a massive and expanding share of Danish utilities presently leveraging the info|APX® system, APX10 is expertly positioned to increase its engineering adoption throughout the Nordics, the rest of Europe, and North America with the managerial skills of Cimbria’s leadership.
“We are incredibly thrilled to be section of the Cimbria loved ones,” reported Ulrich Borup Hansen, CEO of APX10. “We are not able to think of a better husband or wife than Cimbria to assistance pave the way for foreseeable future accomplishment provided their value-insert offerings and deep sector awareness. With the power of our groups mixed, we are self-confident Danish water engineering can positively have an affect on the worldwide utilities current market faster and smarter than at any time just before.”
Present-day worldwide infrastructure programs are unprepared to solve the mounting costs involved with the difficult trends of ageing, local climate adjust-linked weather gatherings, water pollution, and limited budgets. What’s more, utilities are demanding improvements in water engineering to increase efficiency and serious-time info for conclusion making. These worries, on the other hand, produce a rapidly growing option for specialised non-public fairness expense companies and water-tech organizations that possess the exclusive awareness and value-insert abilities that assistance equally financiers and utilities obtain outsized returns on their investments.
About APX10 A/S: APX10 is a SaaS enterprise with core competences in the water and wastewater industries. The business will help utilities make beneficial selections based mostly on