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Derceto purchased by French company

Derceto purchased by French company

Date: 30/09/14

A technology startup born out of professional services consultancy Beca has taken the next step in its growth.

Beca has concluded an agreement for the sale of Derceto to Ondeo Systems, a subsidiary of Suez Environnement, a Paris-headquartered global provider of innovative solutions in the drinking water, wastewater treatment and waste management fields. The sale of Derceto follows the long term business strategy for Derceto and its employees, and is expected to support its further development and growth.

Since its inception in 2000, Derceto has continued to develop, sell and support the Aquadapt® water utility optimization software to water companies worldwide. The world’s first commercially available real-time pump scheduling system, Aquadapt® allows clients to reduce the energy cost of drinking water production and distribution systems. It has achieved energy cost savings of up to 20% at over 20 installations in the United States, UK, Spain and Asia-Pacific, supplying nearly 20 million residents.

Aquadapt integrates with Aquadvanced, an innovation launched by Suez Environnement in June this year. Aquadvanced is dedicated to optimising the performance of drinking water networks.

Through this acquisition, Suez Environnement, a leader in Smart Water solutions[1] in Europe, supplements its portfolio of solutions and strengthens its international presence.

“This is a very exciting development for Derceto,” says Beca Group Chief Executive Greg Lowe. “Suez Environnement is a leader in its industry and a truly global organisation. It is exactly the right company to grow the capability Derceto has so successfully developed.”

Derceto is based in Auckland, New Zealand, and has 20 employees. Since 2004/05, the technology and key personnel have operated as a private company with the support of Beca and Endeavour i-cap (a private equity/NZVIF fund).

[1] The application of New Information and Communication Technologies to water management

ENDS

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