August 15, 2016 by

Xylem to Acquire Sensus for $1.7 Billion

Xylem_tag_rgbXylem Inc. announced today it has signed a definitive agreement to acquire Sensus for approximately $1.7 billion in cash.

Sensus, owned by investment funds affiliated with The Jordan Company and GS Capital Partners 2000, is a provider of smart meters, network technologies and advanced data analytics services for the water, electric and gas industries. It has more than 80 million metering devices installed globally, and its distinctive FlexNet communications network technology uses licensed spectrum in the United States and other geographies and provides secure connectivity solutions that support multiple applications.

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