Dive Summary:

• The utility infrastructure company Sensus announced that it has acquired a 15% equity stake in CAS Tecnologia, a Brazilian smart grid vendor.
• Sensus will distribute the company's utility data management platform Hemera internationally.
• Sensus hopes the new partnership will allow it to leverage CAS communications and software technology platforms.

From the press release:

Sensus, a leading provider of smart grid infrastructure technologies for electric, gas and water utilities, today announced that it has acquired a fifteen percent equity position in Brazilian smart grid vendor CAS Tecnologia(CAS) and will distribute its market leading Hemera® utility data management platform in the global marketplace. Founded in 2000, CAS develops software and hardware for advanced metering infrastructure and distribution automation applications currently serving worldwide commercial and industrial markets.

"This is the latest step in our strategic growth initiative, which is to accelerate our presence in targeted markets, expand our offerings in the smart water network and smart grid markets and accelerate the adoption of our core technologies in one of the fastest growing economies in the world," said José António Hernandez, Sensus executive vice president."Given that CAS is the region's leader for smart grid, AMI and distribution automation technology and that our products are highly complementary, we see tremendous opportunities for both Sensus and CAS in the Americas and worldwide." ...