A top company has won support from another firm by investing into its water and industrials business.
Oxford Flow, the flow capital equipment specialist for oil, gas, water and industrial process industries, has revealed that GF Piping Systems, a division of Georg Fischer (GF), has come on board in support of GF’s innovation strategy.
Oxford Flow will use the investment to speed up the company’s transition to a fully self-sustained business.
The investment will also act as a catalyst for a further capital raise from its existing investors.
The cash injection will help in R&D, business development and operational activities as it grows.
The Oxford Flow pressure regulating valve is one of the company’s key innovations – developed to support the water industries to deliver continual supplies of portable water and meeting increasing standards for water quality, leakage control and other levels of service.
GF Piping Systems’ president Joost Geginat said: “This investment partnership marks an important step for us and will drive additional innovations.
“Oxford Flow’s technology will help reduce non-revenue water from operators’ distribution networks.”
Neil Poxon, CEO of Oxford Flows, added: “Never before has GF invested in a technology organisation like us. It signals a shift for the utility sector, the sector is demanding more smart systems and we are pioneering them.
“This funding is a massive vote of confidence in our team, our technology and the bright future ahead. Innovation is in our DNA and together with GF, we believe we can make a remarkable impact on the way water and gas distribution networks are managed globally.”
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