Elster acquires PowerOneData

June 20, 2008

 

Raleigh, North Carolina

Elster, the global leader in smart metering and smart grid system solutions, today announced the acquisition of PowerOneData, the leader in wireless public network smart metering solutions.

“Elster’s acquisition of the world’s largest wireless public network smart metering company further consolidates our position as the premier smart metering solutions provider. Combining PowerOneData capabilities, with our existing smart metering systems portfolio, provides our utility customers with best in class technology and unsurpassed value.” said Jim McGivern, CEO, Elster.

Chuck Sherman, CEO, PowerOneData, said, “By combining PowerOneData’s core wireless hosted technology with EnergyAxis® and Elster’s outstanding manufacturing and marketing capabilities, we can bring our unique solutions to the utility marketplace more effectively and efficiently. The depth of Elster’s smart metering capabilities provides an exceptional platform for our customers to enhance their operations.”

Also as a result of the PowerOneData acquisition, Elster announces the opening of a western U.S. operations base in the Phoenix area.

“Elster is excited about the addition of PowerOneData’s technology to our smart metering systems portfolio and the opening of a west region office. Our enhanced capabilities and expanded footprint will allow us to better serve not only our western region customers but our other utility clients throughout North America,” said Mark Munday, executive vice president, Elster Electricity North America.