Corporate Venture Investor Joins Cimbria Capital to Accelerate APX10
Aliaxis and Cimbria integrate unique value-add initiatives to support water innovators like APX10 through a combination of capital, global networks, and customized growth programs.
APX10, a Nordic-based SaaS company specialized in helping water utilities make valuable decisions based on its market-leading asset management and big data analytics platform, data|APX, announced a partnership with Aliaxis Ventures by way of an investment agreement signed with private equity owner Cimbria Capital. Aliaxis Ventures – the corporate venture capital arm of Aliaxis, a multinational business specializing in pipe solutions with over 14,000 employees in 45 countries – possesses worldwide connections in water management markets and will assist APX10 to expand internationally alongside Cimbria. Both Aliaxis and Cimbria integrate unique value-add initiatives to support water innovators like APX10 through a combination of capital, global networks, and customized growth programs.
APX10 provides advanced data analytics through its proprietary platform – data|APX®. The platform ensures that water utilities translate critical information into actionable insights for decision-makers aiming to optimize their water and sewage network reinvestment. APX10’s data analytics platform is uniquely positioned to meet the digital transformation needs of European and North American water infrastructure markets. By its plug-and-play data sourcing, the platform maximizes value through utility costs savings, investment optimization, and an optimized digital workforce.
“This new strategic collaboration with Aliaxis will help provide additional access to global water infrastructure markets. Based on our experience and growing market share in the Nordic markets we are eager to pursue opportunities in new markets where we together with Aliaxis can create actionable and sizable impact for water utilities,” said Ulrich B. Hansen, CEO of APX10. “Given the large industrial influence of Aliaxis, we are positive their involvement will prove valuable for water utilities seeking a digital solution for precision reinvestment priorities as well as being positive for our own growth ambitions.”
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“APX10’s data-driven overview of network performance including financial and operational visualization is exemplary for the water industry,” stated Fabian Seunier, Head of Aliaxis Ventures who will join the board of APX10. “Thanks to APX10’s data analytics platform, the investments, and maintenance in water piping networks can be better targeted, thereby increasing their impact on water preservation and on preventing water leakages and consequences of piping systems failures. APX10 offers a smart and easy-to-adopt analytical platform for water and wastewater utilities to rely on digital and data-driven decision support tools, and we are proud to collaborate with APX10 to support the deployment of their platform.”
“Since inception, Cimbria has prided itself on generating value for portfolio companies via its far-reaching networks and domain expertise in the Water Economy,” said Brian V. Iversen, Managing Partner of Cimbria Capital. “Aliaxis’ participation in APX10 is indicative that by merging financial and sector connections Cimbria can collaboratively accelerate the water-focused companies of the future.”