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Investor Presentaiton

ACQUISITION HISTORY Year Company Type Location Price Water Utility Instrumentation and Connectivity: 2021 Analytical Technology, Inc Water quality monitoring USA/UK $44M 2020 S::can Water quality monitoring Vienna, Austria $31M 2018 Innovative Metering Distributor Tampa, FL $8M Solutions 2017 Carolina Meter Distributor Wilmington, NC $6M 2017 D-Flow Ultrasonic Technology/R&D Lulea, Sweden $23M 2015 United Utilities Distributor Smyrna, TN $3M 2014 National Meter Distributor Denver, CO $23M 2013 Aquacue Software/cellular technology/R&D Los Gatos, CA $14M 2012 Flow and Industrial Instrumentation: Racine Federated Technology/Manufacturing 2011 Remag Technology/Manufacturing 2010 Cox Instruments Technology/Manufacturing 2021 Badger Meter, Inc. Racine, WI $57M Bern, Switzerland $5M Scottsdale, AZ $8M 21
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