# Cortex Group acquires Tesla Water's water quality monitoring solution

Cortex Group is signing a definitive agreement to acquire Tesla Water's water quality monitoring solution, Smart Water Pro, which will be housed within its subsidiary Water Mathematics. The acquisition strengthens Cortex Group's AI and IoT capabilities in the water sector.

- Type: Acquisition
- Announced: 2019-05-13
- Where: South Africa
- Value: $3.50M (50.0M ZAR)
- Status: announced
- Products: water quality monitoring solution, Smart Water Pro
- Sectors: [Water Treatment Equipment](https://endata.com/sectors/water-treatment-equipment.md)

## Companies

- [Cortex Group](https://endata.com/companies/38977.md) (acquirer)
- [Tesla Water](https://endata.com/companies/38978.md) (target)

## Sources

- [infrastructurenews.co.za](https://infrastructurenews.co.za/2019/05/13/cortex-group-acquires-tesla-waters-market-leading-water-quality-monitoring-solution/), 2019-05-13: "The Cortex Group it is in the process of signing a definitive agreement to acquire Tesla Water’s market-leading water quality monitoring solution."
- [ventureburn.com](https://ventureburn.com/2019/05/cortex-logics-holding-company-to-acquire-tesla-water-solution/), 2019-05-15: "Cortex Group, the holding company of Cape Town based artificial intelligence (AI) startup Cortex Logic, announced earlier this week that it will acquire Tesla Water’ s water quality monitoring solution."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.