Badger Meter to acquire D-Flow Technology AB

Badger Meter, Inc. has announced it has signed a definitive agreement to acquire D-Flow Technology AB of Luleå, Sweden, for approximately $23 million in cash. D-Flow Technology is a knowledge-based company specializing in ultrasonic technology, primarily for flow measurement.

“There is a growing acceptance of ultrasonic technology within the municipal water market. We believe the D-Flow Technology will strengthen our position in ultrasonic flow measurement by enabling us to further enhance our existing E-Series Ultrasonic product line, lower production costs and provide a platform for the continuing advancement of our ultrasonic capabilities,” said Richard A. Meeusen, chairman, president and chief executive officer of Badger Meter.