Press Release
Elster Group, a leading supplier of metering solutions, has reached agreement with Severn Trent Services, a member of the Severn Trent Plc (London: SVT.L) 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 which has been given competition clearance by the UK Office of Fair Trading, encompasses the entire range of SmartMeter technology, trademarks, the production facilities as well as the distribution channels.
Jerry Lauzze, Executive Vice President Global Water, says: "The SmartMeter technology represents a perfect fit with Elster Group’s leading Automated Meter Infrastructure (AMI) technology. We are very pleased to be able to add this technology to our suite of products."
The SmartMeter™ business will become part of the Elster Metering Group. Elster Metering is a world leader in providing innovative water metering solutions and in low flow and leakage detection applications. Elster Metering manufactures water meters for utility, commercial and domestic use at its factories worldwide and offers a complete water metering portfolio.
Additional information can be found on our website www.elstermetering.com.
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For further information contact:
Perry Shead, Elster Metering Limited + 44 1582 846400
perry.shead@gb.elster.com
About Elster Group
A world leader in advanced metering infrastructure, integrated metering, and utilisation solutions to the gas, electricity and water industries, Elster's systems and solutions reflect over 170 years of knowledge and experience in measuring precious resources and energy. Elster provides solutions and advanced technologies to help utilities more easily, efficiently and reliably obtain and use advanced metering intelligence to improve customer service, enhance operational efficiency, and increase customer benefits. Elster's AMI solutions enable utilities to cost-effectively deliver, manage, and conserve the life-essential resources of gas, electricity, and water. Elster has over 7500 staff and operations in 38 countries in North and South America, Europe, and Asia. For additional information, visit www.elster.com.
About Elster Metering Limited
Elster Metering is a world leader in providing innovative water metering solutions and in low flow and leakage detection applications. Elster Metering manufactures water meters for utility, commercial and domestic use at its factories worldwide and offers a complete water metering portfolio including solutions for revenue metering, cost allocation, network monitoring, distribution and industrial applications.
Water metering products include solutions conforming to all international (EU) and national standards (DIN, BS, ISO, AS, AWWA) and provide cost-efficient alternatives for any metering application. Water metering products are specifically designed for use in households; sub-metering; hospitals and schools; light industrial and commercial; heavy industrial; distribution systems.
For additional information, visit www.elstermetering.com.
Elster Metering is at Elster Metering Limited, 130 Camford Way, Sundon Park, Luton, Bedfordshire LU3 3AN United Kingdom.