Agilitas-backed Hydro International buys Oxford Scientific

Terms of the transaction were not disclosed.

Agilitas acquired Hydro International earlier this year. The GP said at the time that it intended to capitalise on the increasing public sector demand for services related to water scarcity as a result of population growth, increasing urbanisation and climate change. The business is keen to pursue an international expansion strategy and looks to diversify its range of products and services. EQT Credit and Lloyds Bank provided a debt package to support the transaction, announced in February.

The Oxford Scientific acquisition is expected to bolster Hydro International's technological capabilities. In addition to the bolt-on, Hydro International has also appointed Bill Wilson as chair and Chris Bates as CFO.

Company
Oxford Scientific Software develops the Aquator software platform, which enables engineers and analysts to create and run models of water resource systems. The software is used by water utility companies to determine whether water networks can supply sufficient water to meet customer demand, and by environment agencies.

People
Agilitas Private Equity – Martin Calderbank (managing partner).

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