Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Prosol acquisition provides more options

Prosol acquisition provides more options for smaller water consent holders

Christchurch, New Zealand. 14 June 2018 – as water management technology becomes increasingly critical to New Zealand’s agricultural sector, Watermetrics is delighted to announce a broadening of its product and service offering with the acquisition of the telemetry and data services business of Prosol.

‘’The pressure on consent holders from authorities to justify their irrigation is intensifying, so monitoring technology is becoming increasingly critical to the future of their operations,’’ says Watermetrics Business Development Manager Bruce Franks, which acquired Prosol through its parent company A D Riley.

The transaction will enable Watermetrics to provide more choice to the market, ‘’Smaller consent holders, especially in that 5-10 litre/second range, have smaller budgets and need options at lower price points.’’

Mr Franks said this part of the market is coming under increasing scrutiny from regulators and needed to put water metering solutions in place. ‘’Prosol has a data logging product suited for the 5-10 l/s market, which gives us the ability to effectively service smaller consent holders, while providing them with the high level of service for which we are known’’.

Prosol’s customer base now has access to Watermetrics broader range of products and services, including being able to future-proof with access to Internet of Things (IoT) metering and sensor technology, which is the logical future pathway for most monitoring technology says Mr Franks.

‘’This acquisition reflects a maturing of the water metering technology market, which has been pioneered by a group of innovative providers, but is now consolidating as farmers and other consent holders need service providers with the size and expertise to provide high quality support.’’

Mr Franks said the acquisition is only in relation to Prosol’s telemetry services business, and distribution rights to its datalogger products.

ABOUT WATERMETRICS

Watermetrics provides water monitoring technology and services to a wide range of farming operations throughout New Zealand. It has over 5,000 monitoring points using a mix of its products and services.

www.watermetrics.co.nz

Watermetrics is a division of Arthur D. Riley & Co. Ltd (ADR), a wholly New Zealand owned company supplying and servicing the utility industry with special emphasis on electricity and water metering, and high voltage equipment for distribution networks.

Established in 1909, ADR is proud to represent a select group of manufacturers from across the globe, and the knowledge and competence of its technical personnel who supply solutions to clients in New Zealand, Australia and throughout the Pacific Islands.

http://www.adriley.co.nz


ends

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

'Unprecedented' Conditions: Genesis Coal Burn 5-Yr High

Coal-fired generation from Genesis Energy’s Huntly operations was the highest in more than five years in the December quarter, as a combination of low hydro storage and plant outages were compounded by tight natural gas supplies. More>>

ALSO:

Climate Summary: NZ’s Equal-2nd Warmest Year On Record

Annual temperatures were above average (+0.51°C to +1.20°C above the annual average) across the majority of New Zealand... 2018 was the equal 2nd-warmest year on record for New Zealand, based on NIWA’s seven-station series which began in 1909. More>>

ALSO:

GDP: Economic Growth Dampens In The September Quarter

Gross domestic product (GDP) rose 0.3 percent in the September 2018 quarter, down from 1.0 percent in the previous quarter, Stats NZ said today... GDP per capita was flat in the September 2018 quarter, following an increase of 0.5 percent in the June 2018 quarter. More>>

ALSO:

Up $1.20: $17.70 Minimum Wage For 2019

Coalition Government signals how it will move toward its goal of a $20 p/h minimum wage by 2021... “Today we are announcing that the minimum wage will increase to $17.70 an hour on 1 April 2019." More>>

ALSO: