Rain Bird Corporation has announced that it will acquire Rachio, Inc., a company known for its smart irrigation controllers. This move will bring Rachio’s technology and products under the Rain Bird brand. Both companies are based in the United States and work in the irrigation field, focusing on water conservation and user-friendly solutions for both homes and businesses.
Rain Bird has been in the irrigation business for many decades and is known for its wide range of products, including sprinklers, drip systems, and controllers for different types of landscapes. Rachio, on the other hand, is recognized for its smart sprinkler controllers that can be connected to Wi-Fi and managed through a mobile app. These controllers use weather data to adjust watering schedules, which can help save water and lower utility bills.
The press release states that Rain Bird plans to keep Rachio’s brand and products available to customers. The two companies say they share a focus on sustainable water use and want to make it easier for people to manage their irrigation systems. By joining forces, Rain Bird aims to strengthen its offerings in the smart irrigation market and reach more customers who are interested in technology-driven solutions.
Leadership from both companies commented on the deal. Rain Bird’s president, Michael Donnellan, said that Rachio’s products are a good fit with Rain Bird’s mission to promote water conservation and smart irrigation. Chris Klein, CEO of Rachio, said that the partnership with Rain Bird will help bring their technology to more people and support their goal of making water management simple and accessible.
While the financial details of the acquisition were not shared, the press release says that the deal is expected to close later this year, pending standard closing conditions. Both companies will continue to operate normally during the transition. Customers of both Rain Bird and Rachio can expect to find the same products and support as before.
This acquisition is part of a trend in the irrigation industry where companies are focusing more on smart technology and sustainability. With this move, Rain Bird looks to expand its reach and stay competitive in a market where saving water and making systems easier to use are seen as important goals.
View the original press release.
