Badger Meter’s latest quarterly report highlights a significant strategic acquisition rather than an insider stock transaction. Effective May 1, 2026, Badger Meter acquired 100% of the outstanding stock of UDlive Limited, a company headquartered in Alton, England that provides hardware-enabled software solutions for sewer line monitoring. The transaction expands Badger Meter’s smart water portfolio, particularly within its BlueEdge suite of connected water-management technologies. UDlive’s sewer monitoring capabilities complement Badger Meter’s existing utility water offerings, which already include water meters, radio endpoints, software analytics, water-quality monitoring, leak detection, pressure monitoring and lift-station solutions. Badger Meter said UDlive’s results will be included in its financial statements beginning on the acquisition date. Badger Meter paid $94.4 million for UDlive, net of cash acquired, and funded the acquisition with cash on hand. The deal also includes a contingent earn-out of up to $50.0 million tied to UDlive’s achievement of specified EBITDA targets during the 24-month period following the acquisition date. Any earn-out payment is due within 90 days after April 30, 2028, or, if disputed, within 21 days after the earn-out amount is agreed or determined. As of June 30, 2026, Badger Meter estimated the fair value of the potential earn-out at $12.0 million and recorded it as a liability, using a Monte Carlo simulation model based on projected EBITDA, volatility and discount-rate assumptions. The preliminary purchase-price allocation assigns $53.8 million to intangible assets, primarily developed technology, customer relationships and trademarks, with estimated average useful lives of 10 to 12 years. Badger Meter also recorded $69.9 million of goodwill, which is not deductible for tax purposes. Other acquired assets included $0.7 million of accounts receivable, $5.7 million of inventories and $3.4 million of other assets. The company assumed $1.7 million of payables, $13.6 million of net deferred income tax liabilities, $10.0 million of deferred revenue and $1.7 million of other liabilities. Badger Meter emphasized that the allocation remains preliminary as of June 30, 2026, because it had not completed all fair-value analyses, including final valuation of assets acquired and contingent consideration. The acquisition is being accounted for under the purchase method. The filing does not report an insider purchase or sale, and it does not include transaction codes, share prices or post-transaction insider ownership details. It does, however, reference routine capital-related activity in its financial-statement captions, including dividends paid, stock-option exercise proceeds and common-stock repurchases for treasury stock, but the provided document text does not include the specific share counts, prices or dollar amounts for those items. The central disclosed corporate action is Badger Meter’s acquisition of UDlive, which broadens the company’s technology footprint in sewer and wastewater network monitoring.