Luton, U.K. — (METERING.COM) — March 6, 2009 – Metering solutions supplier Elster Group has reached an agreement with Severn Trent Services, a member of the Severn Trent Plc group of companies, to acquire its SmartMeter™ water meter and Ajusta™ boundary box businesses.
The SmartMeter range of AMR-enabled products incorporates no moving parts technology to deliver accuracy alongside intelligent metering features such as tariffs and event monitoring. The transaction encompasses the entire range of SmartMeter technology, trademarks, the production facilities as well as the distribution channels.
“The SmartMeter technology represents a perfect fit with Elster Group’s automated meter infrastructure (AMI) technology,” said James D. McGivern, Elster Group’s CEO. “We are very pleased to be able to add this technology to our suite of products.”
Leonard F. Graziano, Severn Trent Services’ president and CEO, said: “The proud employees of Severn Trent Metering Services have worked diligently to develop and advance the smart meter technology from its infancy. Their efforts will broaden Elster’s leading portfolio of intelligent metering solutions.”
The completion of the transaction is subject to competition clearance by the U.K. Office of Fair Trading.