MILWAUKEE--(BUSINESS WIRE)--Nov. 1, 2017--
Badger Meter, Inc. (NYSE: BMI), a leading global innovator and
manufacturer of flow measurement, control and communications solutions,
today announced it has signed an agreement to acquire assets of Carolina
Meter & Supply, based in Wilmington, North Carolina, as well as to hire
their five employees. Carolina Meter distributes Badger Meter products
to municipal water utility customers in North Carolina, South Carolina
and Virginia. Following the acquisition, Carolina Meter will do business
as “National Meter & Automation,” Badger Meter’s wholly-owned
distribution sales organization.
“The acquisition of Carolina Meter is the third in our ongoing strategy
to enhance Badger Meter’s sales channels,” said Richard Meeusen, Badger
Meter chairman, president and chief executive officer. “By doing so,
customers can expect faster delivery times of in-stock products, and
more importantly, expanded sales, technical and operational support
services across the country.”
The acquisition is effective Nov. 1, 2017. Terms of the transaction were
not disclosed.
About Badger Meter
Badger Meter is an innovator in flow measurement, control and
communications solutions, serving water utilities, municipalities, and
commercial and industrial customers worldwide. The Company’s products
measure water, oil, chemicals, and other fluids, and are known for
accuracy, long-lasting durability and for providing valuable and timely
measurement data. For more information, visit www.badgermeter.com.
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Source: Badger Meter, Inc.
Badger Meter, Inc.
Dawn O’Neill (414) 371-7276