Aclara Technologies to buy GE electric meters business

A general electric building in Schenectady, New York | Photo courtesy of Creative Commons
A general electric building in Schenectady, New York | Photo courtesy of Creative Commons

Aclara Technologies plans to purchase General Electric’s electricity meters business, adding about 300 employees and facilities in Chicago, New England and Spain through the deal.

Hazelwood-based Aclara, which makes technology for monitoring the infrastructure of water, gas and electric utilities, said it expects the deal to close by year’s end. Terms of the acquisition were not disclosed.

Aclara CEO Allan Connoly said adding GE’s meters business will enable his company to “accelerate development and delivery of advanced smart infrastructure solutions.”

The purchase brings a manufacturing facility and a portfolio of patents and patent applications to Aclara, which is owned by an affiliate of Florida-based private equity firm Sun Capital Partners.

Read more from the St. Louis Post-Dispatch


Tags:, , ,

Leave a Reply

Have you heard?

Missouri Business Alert is participating in CoMoGives2019!

Find out how we plan to use your gift to enhance training and programming for our students