Luton 11 May 2009. 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.
For further information contact:
Perry Shead, Elster Metering Limited + 44 1582 846400