Rezatec Ltd, geospatial* AI specialists that provide risk management technology to the international water industry, has been acquired by an undisclosed buyer.
The Oxford-based company, which combines advanced AI analytics and leading-edge satellite imagery with environmental and customer data to help the water industry manage the integrity of its infrastructure, has been sold by its majority shareholder, Shard Credit Partners.
Rezatec, which was founded in 2012, has developed a unique technology platform that allows its customers, the majority of which are currently in the United States, to use complex geospatial data science to gain insights and manage water distribution pipelines, sewer networks, dams and reservoirs.
Shard Credit Partners, which originally invested in Rezatec Ltd in 2023, was advised by North of England-based RG Corporate Finance (RGCF), led by Partner and Head of Corporate Finance, Carl Swansbury, CF Director Jennifer Bassyouni, CF Senior Manager Connor McBride and CF Executive Euan Mulholland.
Legal advice to Shard Credit Partners was provided by Gateley Legal, led by Corporate Partners Andrew Cowan and Alison Davidson-Cox, with legal advice to the Rezatec Ltd management team provided by Osborne Clark, led by Corporate Partner Justin Starling and Associate Director Chris Benjamin.
Alastair Brown, CEO of Shard Credit Partners, said: “We are proud of the journey we’ve taken alongside the senior management team at Rezatec Ltd to get the business into a position for future growth. They have developed groundbreaking technology, which has gained traction with the US water industry. With the support of the buyer, which has a strong track record of driving growth in software businesses, Rezatec Ltd has real potential to extend its international reach.”
Carl Swansbury, Partner and Head of Corporate Finance at RGCF, said: “Rezatec Ltd is a great example of the innovative technology businesses that are being created in the UK and become of interest to global acquirers. The finance and support provided by Shard Credit Partners has enabled the company to focus on the development and application of its highly specialist geospatial AI platform, which is contributing to risk management of the international water industry. It was a pleasure to advise on the sale of Rezatec Ltd to the buyer and we look forward to seeing the business continue to go from strength to strength over the years to come.”