Aclara buys smart grid division of Apex CoVantage
Financial terms are not being disclosed
The transaction includes the 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.
Aclara will integrate both ProField and Smart Grid Professional Services into its portfolio of solutions for electric, gas and water utilities under the brand name Aclara SGS. Utilities that have selected the ProField technology include Consolidated Edison, Arizona Public Service (APS), and Habersham Electric Membership Corporation (Habersham EMC).
The contract with Consolidated Edison Co. of NY, Inc. and Orange and Rockland (O&R) Utilities, Inc., both regulated operating companies of Consolidated Edison, 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.