Rain Bird Corporation has acquired Rachio, Inc. to enhance its sustainable irrigation solutions and expand its product portfolio in the smart irrigation market.

Information on the Target

Rain Bird Corporation, headquartered in Azusa, California, is a prominent player in the global irrigation industry, recognized for its commitment to sustainable irrigation solutions. In a strategic move to enhance its technological offerings, Rain Bird has acquired Rachio, Inc., an innovative company based in Denver, Colorado, that specializes in connected irrigation technologies for residential customers.

Rachio has garnered acclaim over the past decade for its pioneering cloud-connected smart irrigation controllers. In addition to its flagship products, Rachio has also launched an award-winning smart hose-end timer and plans to expand its product line to include smart lighting control solutions. As a wholly-owned subsidiary, Rachio will continue under the leadership of CEO and co-founder Chris Klein, furthering its mission of delivering user-friendly irrigation products that promote sustainability.

Industry Overview in the Target's Specific Country

The irrigation technology industry in the United States has been experiencing rapid evolution, largely driven by increasing concerns about water conservation and sustainabil