Severn Trent Services sells SmartMeter water meter business to Elster Group

Mar. 4, 2009 -- Severn Trent Services announces it has reached agreement with the Elster Group, a leading supplier of metering solutions, to acquire its SmartMeter™ water meter and Ajusta™ boundary box businesses. The SmartMeter range of AMR-enabled products incorporates no -- moving-parts technology to deliver lifelong accuracy alongside intelligent metering features such as tariffs and event monitoring. The transaction encompasses the entire range of SmartMeter technology, trademarks, production facilities and distribution channels.

According to Leonard F. Graziano, Severn Trent Services' President and CEO, "The proud employees of Severn Trent Metering Services have worked diligently to develop and advance the SmartMeter technology from its infancy. Their efforts will broaden Elster's leading portfolio of intelligent metering solutions."

The completion of the transaction is subject to competition clearance by the UK Office of Fair Trading.

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