ST. LOUIS, Jan. 12, 2017 /PRNewswire/ -- 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.
About Aclara
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 us at
Aclara.com and follow us on Twitter @AclaraSolutions.
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SOURCE Aclara