logo footer November 26, 2019

Amane Advisors advises Saur in its acquisition of UK smart water technology start-up Riventa

SAUR has acquired a 51% stake in Riventa, a UK start-up offering innovative sensors and algorithms for accurately diagnosing pump performance in real time. Riventa’s clients include 14 of the 30 water utilities in the UK such as Thames Water, United Utilities and Severn Trent, as well as other large operators and customers in the USA, Korea and Brazil.

Riventa’s technologies can reduce annual energy consumption of a production plant by 5 to 20%, representing significant savings in operating costs. For SAUR’s operations in Ile-de-France, Riventa’s technologies have helped to more than 20% of energy savings.

This acquisition is aligned with SAUR’s environmental and innovation policy aimed at using smart water technology to meet the challenges of water sector management. The acquisition of Riventa also enhances SAUR’s competitive edge, enabling them to differentiate themselves through technology.

Executive Chairman of SAUR Louis-Roch Burgard commented: “SAUR’s ambition is to propose a differentiated offer based on innovation in order to bring added value to municipal and industrial customers in France, other international markets and where the Group wishes to develop. This acquisition reinforces our competitiveness through energy savings achieved as well as our contribution to meeting the challenges of energy transition.”

SAUR has made further plans to deploy the technologies in 60 operating sites as early as 2020.

Amane Advisors advised SAUR and managed the full transaction process up to the closing. This transaction is the 7th transaction advisory mandate that reaches successful closing in 2019 for Amane Advisors, making it a record year for its Transaction practice.

Thierry Noel, Managing Partner of Amane Advisors commented: “SAUR had the foresight and a clear view of the potential benefits and opportunities which the Riventa technology could bring to the water industry and to its clients. The challenge was to structure a transaction that ensures keeping the entrepreneurial spirit of Riventa, commitment and long-term motivation of its founders who remain in the business, while incentivizing SAUR to leverage its global network and operations to the benefit of Riventa. And all of this in the context of a relatively new market segment of the water industry and the need to develop new business models to bring digitally enabled services to utilities. Amane’s unique expertise in the water industry, knowledge of digital services, and understanding of the technology start-up and larger corporations’ culture were key assets. A fascinating project. I want to thank SAUR for their trust and a great cooperation.”

The transaction amount is not disclosed.

 

About Saur

Saur is a French operator offering management of water services, supporting local authorities and industrial clients with water-related development projects (engineering, construction, operation). Internationally, Saur has presence in Saudi Arabia, Colombia, Scotland, Spain and Poland. Key figures for 2018 include: €1.3 billion in net sales, 7,000 contracted communities, 9,000 employees and 12 million people served around the world.

 

About Amane Advisors

Amane Advisors is a global advisory firm dedicated to the water industry bringing services to its clients on all matters relating to their growth. Its clients range from multinationals, institutions and investors, to innovative start-ups and technology companies. Services include Strategy, Market Intelligence, Commercialization, Transaction Management, PPP advisory and Digital.

 

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