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August 2016

Xylem buys smart meter maker Sensus for $1.7 billion

Eli Blumenthal, USA TODAY1:32 p.m. EDT August 15, 2016 Water technology company Xylem announced on Monday that it has purchased Sensus, a maker of smart meters, for $1.7 billion. The all-cash deal — the latest in a recent string of billion-dollar acquisitions throughout the tech industry — will bolster Xylem’s capabilities in smart meters, network technologies and analytics for the water, electric and gas industries. Though the transaction is subject to customary regulatory approval, including from the …Read More