Transaction is expected to close in the fourth quarter of 2016
RYE BROOK, N.Y. — Xylem Inc., a leading global water technology company, announced that it has signed a definitive agreement to acquire Sensus for approximately $1.7 billion in cash.
Sensus, owned by investment funds affiliated with The Jordan Company and GS Capital Partners 2000, is a provider of smart meters, network technologies, and advanced data analytics services for the water, electric, and gas industries. It has more than 80 million metering devices installed globally, and its FlexNet® communications network technology uses licensed spectrum in the U.S. and other geographies and provides secure connectivity solutions that support multiple applications.