Indicor, LLC (“Indicor”), a portfolio company of Clayton Dubilier & Rice (“CD&R”), has acquired Ovarro Ltd. (“Ovarro”), a UK-based leader in advanced technology solutions for critical infrastructure monitoring and management.

Ovarro’s suite of water management and process control solutions serves a global customer base, enhancing customers’ operational efficiency, data analytics, and sustainability. Ovarro’s offerings include sophisticated monitoring systems, data-driven insights, and integrated technology solutions that support the management of critical infrastructure. Ovarro has been a part of FFL’s portfolio since 2019.

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 system (IBEX).

Ovarro is a leader in advanced technology solutions for critical infrastructure monitoring and management used globally by customers in water, broadcast, and transportation sectors. Ovarro’s connected technology is always there, always on, integrating effortlessly clients’ assets, and excels at collecting and communicating data from some of the most remote and challenging environments enabling businesses to work smarter and more effectively.

EC M&A acted as the exclusive financial advisor to Indicor on this transaction.