Sun Capital Partners, Inc. today announced that its affiliated portfolio company, Aclara Technologies LLC, a world-class supplier of smart infrastructure technologies to water, gas and electric utilities, has acquired the Smart Grid business of Tollgrade Communications, Inc., a global market share leader in the smart grid sensor market. The transaction includes the award-winning LightHouse® distribution monitoring platform comprising Sensors and Sensor Management System (SMS) software with Predictive Grid® Analytics, as well as a broad intellectual property portfolio. Financial terms are not being disclosed.
The addition of the LightHouse platform expands Aclara’s capabilities in distribution grid monitoring. Deployed at some of the world’s leading utilities, the Smart Grid LightHouse platform provides fault detection and location, power quality monitoring and classification of grid events to monitor the health of the distribution grid, make informed decisions and reliably deliver power to their customers. Furthermore, the platform enables grid operators to reach their modernization goals and incorporate renewable energy sources.
“This is an important step forward for Aclara as a leader in smart infrastructure, and the addition of LightHouse’s game-changing platform allows Aclara to grow its industry leadership and expand its solutions to better serve utility customers around the globe,” said Daniel Florian, Principal of Sun Capital. “The acquisition demonstrates continued execution of the Company’s growth strategy following Aclara’s purchase of GE’s electricity meters business in December 2015.
Source: Sun Capital Partners, Inc.
Date: Aug 12, 2016