Finland-based Smartvatten Acquires LeakLook

This strategic move aims to create a unified platform to tackle the growing challenges of sustainable water management across Europe.

Through this acquisition, LeakLook’s team joins Smartvatten’s global workforce of 150 water experts, enhancing R&D in IoT and AI analytics. As part of Smartvatten’s strategy to lead Europe in water measurement and analytics, the combined companies now monitor real-time water flow at over 40,000 properties across 30+ countries, marking a significant move in the commercial real estate water monitoring market.

"Joining forces with Smartvatten allows us to elevate our impact far beyond what we could achieve alone. Together, we’re not only creating a stronger technical offering, but a truly customer-centric ecosystem that’s ready for the future. Our clients will benefit from faster response times, wider solution coverage, and from our expertise in smart IoT network solutions, which deliver genuine long-term value."  Karl Sandelin, CEO LeakLook / AQVA.IO Oy

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Led by CEO Karl Sandelin, LeakLook focuses on submetering and intelligent water monitoring, offering innovative solutions for complex building systems.

Led by CEO Petter Quinsgaard, Smartvatten delivers intelligent water management solutions to property portfolios, municipalities, and utility providers throughout Europe.

"This acquisition is about more than expanding our footprint it’s about shaping the future of sustainable water management. By bringing together the strengths of both companies we’re building a platform that can scale with the evolving demands of our customers while driving real environmental progress. The operational efficiencies we unlock will be reinvested directly into the areas that matter most: product innovation, customer support and service excellence." Petter Quinsgaard, CEO, Smartvatten

LeakLook’s trusted solutions will now reach Europe via Smartvatten’s extensive sales, support, and partner network. This expansion targets commercial and residential real estate, water utilities seeking detailed real-time usage insights and insurers aiming to minimize property damage risks, broadening the impact of innovative water management across multiple sectors.

About Smartvatten

Smartvatten delivers intelligent water management solutions to property portfolios, municipalities, and utilities across Europe. Our mission is to make water usage visible, controllable and sustainable by leveraging real-time data, actionable insights, and IoT innovations throughout the entire water lifecycle.

About LeakLook

LeakLook focuses on submetering and intelligent water monitoring, providing innovative solutions for complex building systems. Renowned for technical expertise and a customer-first approach, LeakLook has earned a trusted reputation within Finland’s built environment.