MILWAUKEE, WI, April 12, 2010 -- Badger Meter Inc. announced it has purchased Cox Instruments, LLC (www.cox-instruments.com), of Scottsdale, Arizona, and its subsidiary companies Flow Dynamics Inc., and Exact Flow. The entities are suppliers of precision and industrial flow measurement instrumentation worldwide. Terms of the transaction were not disclosed.
The acquisition combines the resources of the three flow measurement companies into a wholly-owned subsidiary of Badger Meter Inc. named Cox Flow Measurement Inc., which will continue to be based in Scottsdale, Arizona. The Cox management team will remain with the company.
Cox Instruments and Exact Flow manufacture precision, high-performance flowmeters used in demanding flow applications such as aerospace, custody transfer and flow measurement calibration test stands. Flow Dynamics is a National Voluntary Laboratory Accreditation Program (NVLAP)-accredited primary standard flow calibration laboratory, supplying both manufacturers and end users with dependable calibration results.
According to Richard A. Meeusen, chairman, president and chief executive officer of Badger Meter, the acquisition of Cox Instruments and Flow Dynamics gives Badger Meter several new flow measurement technologies. "We believe that Cox's high-end turbine meters for industrial and precision flow applications are a good fit for Badger Meter. Integrating these products with our existing flow measurement portfolio will open new market opportunities for us, while effectively leveraging the customer base of both companies. Cox has an excellent reputation in the industry and will be a great addition to Badger Meter's line of global flow measurement solutions," said Meeusen.
"Badger Meter's purchase of Cox Instruments and our affiliate companies provides exceptional product synergy and strengthens our competitive position in the global flow measurement market. The combined organization will benefit customers greatly with additional distribution channels and customer service," commented Cox Instruments' Mike Wusterbarth, who will now assume the duties of general manager of Cox Flow Measurement Inc. Wusterbarth had served as CEO of Cox Instruments prior to the acquisition.
To learn more, please visit www.badgermeter.com, www.cox-instruments.com, www.exact-flow.com or www.flow-dynamics.com.
About Badger Meter Inc.
Badger Meter's core competency is flow measurement solutions. The company is a leading manufacturer and marketer of products incorporating liquid flow measurement and control technologies developed both internally and with other technology companies. Badger Meter products are used in a wide variety of applications, including water, oil and chemicals. For more information, visit www.badgermeter.com.
About Cox Instruments
Cox Instruments supplies precision turbine flowmeters and ancillary products for today's most demanding liquid and gas flow measurement applications. For over 50 years, Cox flowmeters have been recognized for their uncompromised accuracy and reliability. Diverse customers can be found in the automotive, aerospace, test and measurement, metrology, process control and manufacturing industries. Cox Instruments is accredited to AS9100 and ISO 9001 and compliant with other strict industry quality standards including TS16949. For more information, visit www.cox-instruments.com.
About Exact Flow
Exact Flow, based in Scottsdale, Arizona USA, is the only supplier of innovative dual-rotor turbine flowmeter technology, delivering unique designs to meet the application requirements of the aerospace, industrial, automotive and OEM markets. Exact Flow's primary focus is to enhance customer value by specializing in advanced embedded electronics, multiple process variable measurements and unique packaging, which minimize the need for additional sensors and installation expense. Learn more at www.exactflow.com.
About Flow Dynamics Inc. (FDI)
Located in Scottsdale, Arizona USA, Flow Dynamics' 32,000 square foot facility was specially designed to accommodate high flow capacity calibration equipment. Having a large 100 cubic-foot Primary Standard Bell Prover, with a 1,500 SCFM capacity, makes FDI unique in its gas calibration capability. FDI also owns and operates a 1,250 GPM Primary Standard Positive Displacement Liquid Calibrator to accommodate large meters. With 17 different primary standard liquid and gas displacement flow calibrators, Flow Dynamics can calibrate a wide variety of fluids and flow ranges. No other calibration facility offers a more complete calibration solution for today's flowmeter user. Learn more at www.flow-dynamics.com.
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