APX Alarm to Expand Smart Grid Portfolio With Acquisition
PROVO, Utah — With a goal of providing smart grid and energy management solutions to its customers, APX Alarm Security Solutions Inc. has acquired Meter Solutions, an independent installation provider of smart meter technologies. Terms of the deal, which closed Dec. 30, 2010, were not released.
Orem, Utah-based Meter Solutions specializes in the installation of automated metering infrastructure (AMI) systems, a technology that automatically collects data from water, gas or electronic meters and wirelessly transmits the information to a central database used for billing and analyzing.
Meter Solutions approached APX Alarms about merging last year as a result the alarm company’s focus on in-home energy management and smart grid solutions, APX Alarms COO Alex Dunn tells SSI.
“One of the components for our in-home energy management and energy analytics solutions is connecting to a smart meter so the consumer can see data from the meter and usage,” he explains. “Since Meter Solutions installs smart meters for utilities, it just made a whole lot of sense for us to do an acquisition.”
As a result of the deal, APX Alarms will expand its smart grid division, which the company established last year, by continuing to add more people to its team, Dunn says.
“We are excited to see the evolution of home automation and smart grid technologies as they begin to work hand-in-hand,” he says “This acquisition is a continuing commitment to really focus on consumer-related energy management and utilities solutions.”
Ashley Willis is associate editor for SECURITY SALES & INTEGRATION. She can be reached at (310) 533-2419.
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