On 2 October 2025, Aurelius Private Equity announced its acquisition of Xylem Inc.’s water and heat metering assets outside of North America. This division, known as Sensus International, generated approximately US$250 million in revenue in 2024 and employs approximately 800 people. It has manufacturing facilities in Germany and Slovakia that support its water and heat metering operations.
Just a few days earlier, on 29 September, Aurelius agreed to acquire Landis+Gyr’s metering business in Europe, the Middle East, and Africa for an enterprise value of US$215 million. The European, Middle Eastern, and African businesses reported net revenues exceeding US$600 million for fiscal year 2024 and employs around 2,700 people across five production sites. This acquisition encompasses residential, commercial, and industrial electricity metering, as well as gas and thermal metering, along with related software, services, and operations in Europe, the Middle East, and Africa.
Together, these dual acquisitions grant Aurelius control over a diverse metering portfolio spanning multiple geographies, technologies, and utility domains.
