US-headquartered Badger Meter Inc. has announced that it has signed a definitive agreement to acquire UDlive Limited,the UK-based provider of hardware‑enabled software solutions for sewer line monitoring, for $100 million, plus contingent consideration. The transaction is expected to close at the end of April 2026.

The acquisition, funded by cash on hand, will expand Badger Meter’s presence in the fast-growing sewer line monitoring market and will further strengthen the Company’s BlueEdge® suite of water management solutions alongside SmartCover®. Badger Meter said that together, SmartCover’s significant presence in the U.S. and UDlive’s leadership position in the U.K. combine to create the leading footprint in sewer line monitoring in key global markets.

Since the company’s launch in 2017, UDlive has established a leading position in sewer line monitoring in the United Kingdom. UDlive provides hardware‑enabled software solutions for sewer line monitoring, delivering mission-critical, continuous, real‑time insight into wastewater networks through low‑power. easy‑to‑install, water level sensors and proprietary analytics. UDlive delivers sensors at the manhole and pairs them with proprietary visualization and analytics software that provide utilities with continuous, real‑time insight into sewer network conditions.

The value and differentiation of UDlive’s sewer line monitoring technology is evidenced by a 90% tender success rate since inception and routinely high technology assessment scores from utilities and consultants. In fiscal 2026 (ended Feb 28, 2026), the company reported $22 million of revenue and generated positive operating profit.

Badger Meter said that together with SmartCover, UDlive will enhance Badger Meter’s range of sewer line monitoring capabilities by offering utilities a comprehensive set of solutions tailored to varying network requirements, deployment environments, and operational objectives. Badger Meter expects to leverage its global commercial footprint to accelerate UDlive’s adoption beyond the UK in targeted international markets.

Badger Meter said that the combined portfolio is positioned to benefit from the same secular trends driving SmartCover adoption, including aging infrastructure, increasing regulatory scrutiny, climate‑driven weather variability, and the growing need for cost‑effective, data‑driven approaches to wastewater system management. The trends are accelerating global adoption of sewer line monitoring as utilities seek to improve resilience, reduce overflow events, and optimize capital and operating expenditures.

“UDlive is a strong strategic fit with our BlueEdge portfolio and is a natural addition to SmartCover,” said Kenneth C. Bockhorst, Chairman, President and Chief Executive Officer of Badger Meter.

“Together, SmartCover and UDlive will create an industry-leading global portfolio of sewer line monitoring capabilities, offering a range of solutions across a broader set of use cases and geographies, while leveraging the same underlying secular drivers that continue to support long‑term adoption. This acquisition further advances our strategy of providing utilities with hardware‑enabled software solutions that deliver actionable intelligence across the water cycle.”

Philip Bennett, CEO and co-founder of Udlive commented:

“We are excited to join Badger Meter and become part of a broader platform focused on intelligent water infrastructure.

“SmartCover and UDlive address complementary aspects of sewer line monitoring, and together we can deliver greater value to utilities seeking remote, reliable and relevant solutions to manage increasingly complex wastewater networks.