Elster announces business alignment in North America

Raleigh, NC, Oct. 30, 2006 — Elster announced that it is aligning three of its business units in North America. The North American alignment includes Elster Electricity, AMCO Water Metering Systems, and a new business unit called Elster Integrated Solutions (EIS).

The business alignment will result in three separate, but coordinated businesses serving markets in North, Central, and South America. Elster Electricity will continue to focus on providing advanced metering and metering system technology to electric utilities. AMCO Water Metering Systems will continue to focus on and provide advanced metering products and meter reading solutions to water utilities. The focus of EIS will be in delivering AMR/AMI system solutions across gas, electricity, and water to multi-utility customers. EIS will lead the business transformation of operations technology utilizing information technology and intelligent networks with the existing Elster Electricity and AMCO Water Metering Systems business units. EIS will bring a common vision and integrated plan across gas, electricity, and water.

The alignment is designed to enable Elster to deliver focused AMR and AMI solutions across all utility segments said Mark Munday, CEO and president of Elster Electricity. Munday has been named executive vice president of the electricity and water businesses in North America. Sharon Allan has been named president of EIS. AMCO Water Metering Systems continues under the leadership of president Blake Snider.

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