Aclara Technologies, a supplier of smart utility infrastructure technologies, completed its acquisition of the electricity meters business currently operating within GE Energy Management’s Grid Solutions subdivision (GE Meters). Terms of the transaction were not disclosed.
The acquisition includes GE Meters’ global headquarters in Somersworth, New Hampshire, as well as facilities in Chicago and Bilbao, Spain. It also includes more than 300 employees in these locations as well as other employees located in North and South America, Asia and United Kingdom.
As part of the transaction, Aclara has also acquired an intellectual property portfolio of active patents and patent applications, ensuring a seamless transition for GE Meters’ customers.
GE Meters serves global customers with a range of residential, commercial and industrial meter technology.
Aclara’s goal is to offer electric utilities a comprehensive portfolio of smart infrastructure solutions that provide superior performance and operational efficiencies. Smart infrastructure solutions magnify the benefits of networks that perform automated metering reading by incorporating a range of sensors, communications and analytic technologies that let utilities monitor their distribution networks, optimize operations, respond to issues quickly and preempt problems.