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Xylem acquires smart meter company Sensus for $1.7bn

16 Aug 2016

US water technology has purchased smart meter provider for $1.7 billion in cash. 

The acquisition will make Xylem become a major player in the smart metre market, during a time when regulatory requirements and push for savings are causing companies and customers to control their energy consumption with more caution. 


 “Our expansive customer relationships will be able to extend the reach of Sensus’ products and technologies to new markets globally, particularly in emerging markets,” said Xylem President and CEO Patrick Decker in a prepared statement. 

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