XPV Water Partners (“XPV”), a leading investment firm focused on high growth water, related waste and environmental businesses globally, has sold Metasphere Limited (“Metasphere”), a leading provider of telemetry and analytics solutions for water networks, to Grundfos Holding A/S (“Grundfos”), one of the world’s largest pump manufacturers.

Metasphere is a leading provider of cutting-edge IoT devices and unmatched AI/ML software for wastewater, water, gas and environmental applications.

XPV Water Partners is comprised of experienced water entrepreneurs, operators, and investment professionals dedicated to make a difference in the water industry. They invest in and actively supports water-focused companies to enable them to grow and deliver value for all stakeholders. Over $400 million USD are managed by XPV in investment capital from institutional investors in North America, Europe and Asia.

Grundfos, founded in 1945 is a global water technology and pump manufacturer headquartered in Bjerringbro, Denmark. The acquisition of Metasphere is an important milestone in Grundfos’ strategy to add to the company’s core competencies within pumps and hydraulics to address challenges requiring a holistic network perspective.

EC M&A acted as the exclusive advisor to XPV Water Partners on this transaction.