Hubbell Makes a Splash into Water with Aclara Purchase
Closing out 2017 with another water-sector M&A deal, Hubbell Incorporated, a diversified equipment supplier to industrial and utility sectors, announced on Dec 26 that it would acquire Missouri-based Aclara Technologies from Sun Capital Partners. The US$1.1 billion deal is expected to close first quarter of 2018.
The deal positions Hubbell for growth in the municipal water sector and across utility markets. Aclara has built a unique offering of smart water solutions for municipal water utilities by coupling its core data communications competency with value-added hardware and software solutions.