ABB expands smart water management with acquisition of Real Tech
Press Release by ABB Thu 11 Jan 2024
ABB has announced its acquisition of Real Tech, a Canadian solution provider of optical sensor technology.
This marks the expansion of ABB’s presence in the smart water segment.
Innovative Technology for Real-Time Water Quality Monitoring
Real Tech, known for its real-time water quality monitoring and testing solutions, has over 10,000 installations worldwide in municipal water, wastewater, and various industries.
The acquisition, expected to close in Q1 2024, enhances ABB’s smart water management offerings with cutting-edge optical sensor technology.
Unlike traditional water quality measurement methods, Real Tech’s products provide instant critical measurements. This capability enables improved process control and continuous water quality assurance.
The company’s patented solutions span the digital water value chain, focusing on data creation and analytics.
Jacques Mulbert, Division President of ABB Measurement & Analytics, said: “Joining forces with ABB will accelerate the deployment of Real Tech’s technologies through the ABB global sales and service network.”
Mulbert highlighted the acquisition’s alignment with ABB Measurement & Analytics’ strategy to integrate advanced environmental technologies into its portfolio.
Real Tech’s portfolio includes optical sensors and controllers, complemented by Liquid AI, a proprietary AI software platform for data analysis. With approximately 40 employees, Real Tech is based in Whitby, Ontario.
Jodi Glover, CEO and Co-founder of Real Tech, reflected on the company’s journey: “When we founded Real Tech almost 20 years ago, we were set on developing optical sensor technology that would advance the management of water into a new era.”
Glover looks forward to joining ABB and their shared vision for a sustainable future.
The acquisition comes at a time when investment in water quality monitoring and infrastructure is growing globally.
According to the UN, billions lack access to safely managed drinking water and sanitation, making advancements in water sensor technology and AI crucial for efficient water management.
At the same time, only 11% of the world’s treated wastewater is reused and around half of the world’s untreated wastewater still enters rivers, lakes, and seas.
In the US alone, £87 billion ($111 billion) is being invested over a decade to upgrade water infrastructure.