Aclara acquires Smart Grid Solutions division Of Apex CoVantage
Transaction includes award-winning technology and services; signals Aclara's commitment to provide end-to-end solutions for utilities.
ST. LOUIS, MO, JANUARY 12, 2016 -- Aclara Technologies LLC ("Aclara"), a leading supplier of smart infrastructure solutions (SIS) to electric, gas and water utilities, has acquired the Smart Grid Solutions (SGS) division of Apex CoVantage, LLC. The transaction includes the award-winning ProField® mobile workforce management technology used for smart grid deployments as well as the Smart Grid Professional Services business comprising utility field services and consulting. Financial terms are not being disclosed.
With this acquisition, Aclara now offers a comprehensive end-to-end solution including installation services and provision of field labor. This new capability enables Aclara to provide full turnkey solutions to utilities that increase their productivity and reduce operating costs. Aclara's comprehensive suite of solutions comprised of meters and edge devices, advanced metering infrastructure (AMI), headend and consumer engagement software, installation services and provision of labor offers a single point of accountability to utilities.
"The addition of SGS's highly regarded ProField technology and professional services business adds another game-changing dimension to our capabilities and clearly demonstrates Aclara's focus on being the world's leading end-to-end full-service provider of smart infrastructure solutions," said Allan Connolly, Chief Executive Officer and President of Aclara.
Aclara will integrate both ProField and Smart Grid Professional Services into its portfolio of leading-edge solutions for electric, gas and water utilities under the brand name Aclara SGS. Utilities that have selected the ProField technology include Consolidated Edison, Inc., Arizona Public Service (APS), and Habersham Electric Membership Corporation (Habersham EMC).
The contract with Consolidated Edison Company of NY, Inc. (CECONY) and Orange and Rockland (O&R) Utilities, Inc., both regulated operating companies of Consolidated Edison, Inc., (NYSE: ED) includes the installation of electric smart meters and gas smart modules as part of a landmark plan to deploy Advanced Metering Infrastructure (AMI) across Consolidated Edison's and Orange & Rockland's service territories. It also includes building the supporting communications network in Orange & Rockland's service territory. Approximately 3.9 million electric meters and 1.3 million gas meters are involved.
The SGS acquisition represents another key development for Aclara as the company continues to grow both the breadth of its solutions and its geographic reach. It follows the August 2016 purchase of the smart grid business from Tollgrade Communications, Inc., which included the award-winning grid monitoring platform comprising smart grid sensors and Predictive Grid® Analytics software. In December 2015, Aclara purchased the electric meters business operating within GE Energy Management's Grid Solutions subdivision, an acquisition that strengthened the company's offering for electric utilities and increased its international profile.
Aclara Technologies LLC is a world-class supplier of smart infrastructure solutions (SIS) to more than 780 water, gas, and electric utilities globally. Aclara SIS offerings include smart meters and other field devices, advanced metering infrastructure and software and services that enable utilities to predict and respond to conditions, leverage their distribution networks effectively and engage with their customers. In 2016 Aclara won a Frost & Sullivan Global Smart Energy Networks Enabling Technology Leadership Award and was named a finalist in three categories of the Platts Global Energy Awards. Aclara is owned by an affiliate of Sun Capital Partners. Visit Aclara.com.