Sun Capital Partners said one of its units finished its purchase of Aclara Technologies LLC from ESCO Technologies Inc.
Aclara is a leading vendor of advanced meter infrastructure (AMI) solutions, predominately deployed by U.S. electric, gas and water utilities. AMI includes the two-way communication device within a meter, as well as the supporting network infrastructure for smart meters that allow utilities to remotely extract real-time consumption data and interact with their customers.
By upgrading to AMI, utilities can at a minimum lower their costs by eliminating the need for manual readings, as well as improve the efficiency of their networks.
Additionally, Aclara’s software services solution enables a wide variety of customer program through print and electronic communications and a rich online and mobile customer experience. These comprehensive customer engagement technologies allow customers to better understand their energy needs in real time, fueling greater cost-efficiency and conservation.
Headquartered in St. Louis, Missouri, Aclara services more than 600 utility customers with over 21 million endpoints deployed. The Company is the leading power line carrier vendor in the electric AMI market; ranks first in cumulative AMI units sold to fixed network gas utilities, including PG&E and SoCalGas; and manages some of the largest water AMI installations in North America, including New York City, Washington, D.C., San Francisco, Boston Water & Sewer and Toronto, Canada.