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Indicor Announces Acquisition of Ovarro
CHARLOTTE, NC / ACCESSWIRE / September 5, 2024 / Indicor, LLC, a leading diversified industrial company, has announced a definitive all-cash agreement to acquire Ovarro. Ovarro is known for its advanced technology solutions for critical infrastructure monitoring and management.
Ovarro's suite enhances operational efficiency, data analytics, and sustainability for a global customer base. Their offerings include sophisticated monitoring systems and integrated technology solutions for critical infrastructure management.
"Ovarro represents a significant addition to Indicor's portfolio," said Doug Wright, CEO of Indicor. "This acquisition aligns with our strategy to enhance our technological capabilities and expand our reach."
"This partnership will propel us to new heights," said David Frost, CEO of Ovarro. "It will drive innovation and value for our customers worldwide."
The transaction is expected to close in approximately 30 working days, pending regulatory approvals and customary conditions.
R. H.
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