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