Cellnet is sold once again


GTCR Golder Rauner LLC, a private equity firm, has acquired Cellnet, provider of AMR and DA systems to the utilities industry, from its previous owner Atos Origin. Cellnet will continue to operate as an independent entity, led by the existing management, and will continue to market itself under the Cellnet brand.

Cellnet provides the data services and builds the AMR networks for electricity, water and gas utilities; its existing service contracts are valued at over $2 billion, and the company reads close to 10 million meters a day. Atos Origin says that the sale is consistent with its strategy to focus on its core IT services business in the markets in which it has expertise and strength.

www.cellnet.com / www.gtcr.com