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[January 08, 2013]
ESCO Acquires Metrum Technologies
Jan 08, 2013 (Close-Up Media via COMTEX) -- ESCO Technologies Inc. announced that it has acquired the assets of Metrum Technologies, a smart grid solutions provider based in Waco, Texas.
In a release dated Jan. 3, the Company said that terms were not disclosed.
The transaction also includes Metrum's research and development center located in Dallas. Metrum will become part of Aclara Technologies, a member of ESCO's Utility Solutions Group.
Metrum is a provider of wireless public network communications products for electric utility customers, and also provides hosted software systems and network operation center services in support of its products.
Vic Richey, ESCO Chairman and Chief Executive Officer, said, "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." "Metrum's communication technologies are an excellent complement to Aclara's network offering," said Brad Kitterman, President, Aclara. "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." "Aclara has an outstanding reputation for providing exceptional smart grid solutions to all three utility segments," said Steve Swenke, Chief Executive Officer of Metrum. "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 is a supplier of special purpose utility solutions for electric, gas and water utilities.
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