Utility solutions company ESCO Technologies has acquired smart-grid specialist Metrum Technologies for an undisclosed sum.
ESCO (St Louis, USA) says that Metrum (Waco, USA) – along with its research and development centre in Dallas – will become a part of Aclara Technologies, a member of ESCO’s Utility Solutions Group.
Besides offering wireless communications products to electric utility customers, Metrum also provides hosted software systems and network operation centre services.
It currently serves about 350 utilities across the US.
“Metrum not only significantly enhances our smart-grid communications product offerings, but also allows us to broaden our industry-specific AMI expertise to better serve our utility customers,” said Vic Richey, ESCO chairman and chief executive.
The two companies see their product portfolios as hugely complementary.
“Adding Metrum's portfolio of products to our existing offerings allows Aclara to provide a more comprehensive solution that will enable our existing customers – as well as new ones – to optimize the economics of their smart-grid deployment by balancing bandwidth requirements with cost,” said Brad Kitterman, the president of Aclara.
Steve Swenke, the chief executive of Metrum, echoed those sentiments.
“Aclara has an outstanding reputation for providing exceptional smart grid solutions to all three utility segments,” he said. “I believe the combination of Metrum's and Aclara's technology platforms will enable a best-in-class offering of cellular, RF and powerline communications technologies for our utility customers.”
ESCO’s move follows a similar acquisition last year by rival Itron (Liberty Lake, USA), which bought SmartSynch to beef up its cellular communications expertise.