Badger Meter Signs Agreement to Acquire Assets of United Utilities, Inc.
MILWAUKEE, Wis. – Badger Meter, Inc. , (NYSE: BMI), a leading global innovator and manufacturer of flow measurement and control products,today announced that it has signed an agreement to acquire the assets of United Utilities, Inc., based in Smryna, Tenn. The purchase is estimated to add approximately $2 million of incremental revenues annually to Badger Meter, after eliminating what would be intercompany sales. United Utilities is a distributor of Badger Meter products for the municipal water utility market, serving customers in Georgia and Tennessee.
“The United Utilities acquisition supports our strategy to further integrate Badger Meter in the distribution sales channel,” said Richard Meeusen, Badger Meter Chairman, President and CEO.
The acquisition is effective August 17, 2015. Terms of the transaction were not disclosed.
About Badger Meter
Badger Meter is an innovator in flow measurement and control products, serving water utilities, municipalities, and commercial and industrial customers worldwide. The Company’s products measure water, oil, chemicals, and other fluids, and are known for accuracy, long-lasting durability and for providing valuable and timely measurement data. For more information, visit www.badgermeter.com.