#USA #Cham #AURELIUS #EYKON #Sensus International

EYKON Reinforces Strategic Focus by Selling Water Meter Business to Sensus International

In a significant move aimed at sharpening its strategic focus, EYKON has finalized an agreement to sell its water meter business to Sensus International, part of the AURELIUS Midmarket portfolio. The transition will enable both EYKON and Sensus International to concentrate on their respective strengths and optimize their operational capacities.

Background of the Agreement

The sale is poised to bolster EYKON's strategic initiatives by allowing it to align more explicitly with sectors where it has established a commendable scale, nurtured long-standing customer relations, and maintained a leading presence. This transaction is seen as a vital step in the evolution of EYKON’s portfolio.

Over recent years, EYKON has cultivated a robust foothold in the water sector, building on its extensive experience with advanced metering, connectivity, and digital utility solutions. The company is now positioned to channel its investments into these areas further, enhancing its future growth potential. This strategic shift underlines EYKON's commitment to continuing its legacy in offering top-notch utility solutions that support the evolving needs of customers.

Continued Commitment to Customers

Following the transition, the water metering operations will continue under the expertise of Sensus International, which is renowned for its advanced water metering solutions and dedicated commitment to the utility sector. Alexander Henschel, the Chief Executive Officer of EYKON, emphasized on the trust utilities have placed in EYKON for decades, stating, "We are committed to building on these strengths and helping customers improve operational performance, resilience, and long-term value from their infrastructure investments."

EYKON remains dedicated to fulfilling existing customer obligations in line with previously agreed terms, prioritizing continuity, quality, and long-term reliability throughout this transitional phase.

About Sensus International

Sensus International excels in designing and delivering innovative water and thermal energy metering solutions paired with secure communication technologies for modern utilities. With over 800 employees spanning across Europe, the Middle East, Latin America, and Asia, Sensus embodies a robust international presence. Its specialized solutions provide clients with reliable performance and precise measurements, empowering utilities to operate more effectively.

More about Sensus can be found at Sensus International

About EYKON

Once a part of the Landis+Gyr EMEA business, EYKON operates as a professional utility infrastructure technology company, leveraging over 130 years of domain expertise. Headquartered in Switzerland, EYKON serves various customers worldwide, providing services in more than 75 markets and supporting over 100 million connected endpoints across EMEA. By combining proven technology and industry know-how, EYKON offers enhanced visibility, aiding customers in decision-making and amplifying the value extracted from their infrastructures. More information can be accessed at EYKON Solutions.

About AURELIUS

AURELIUS is a distinguished global private equity investor noted for its operational approach in the private and debt markets. Their expansive investment platforms include AURELIUS Opportunities V and Growth, reflecting the company's significant growth and operational expertise. AURELIUS focuses on complex investments that promise operational improvement opportunities and has an impressive record of over 300 completed transactions, epitomizing its commitment to delivering attractive returns for its investors. Additional details about AURELIUS can be found at AURELIUS Group.