Dive Summary:
- St. Louis-based Esco Technologies announced Thursday that it had purchased the assets of the Texas smart grid technology company Metrum Technologies LLC.
- Terms of the deal were not disclosed, though Metrum will become part of Esco's utility group Aclara Technologies LLC.
- The St. Louis Business Journal reports that Metrum has fewer than 50 employees, most of whom work in research and development.
From the article:
"... Esco said Thursday that Metrum will become part of Aclara Technologies LLC, which is under Esco’s Utility Solutions Group. That segment, which accounted for about 46 percent of the company’s total revenue in fiscal 2012, reported $317.7 million in net sales for the year ended Sept. 30. ..."
