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Financial Advisor

Aclara Technologies LLC

Value Not Disclosed 06/10/2021 Power & Industrial Technology Complete
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Transaction Details

• On June 10, 2021, N. Harris Computer Corporation (“Harris”) part of Constellation Software Inc. (TSX: CSU), announced the completion of its acquisition of the Consumer Analytics Solutions business of Aclara Technologies LLC (“Aclara”), a division of Hubbell Incorporated (NYSE: HUBB)

• The Consumer Analytics Solutions business of Aclara offers utility providers an adaptive consumer engagement platform designed to provide its customers with a personalized experience through robust analytics and data-driven graphs and messages

• The terms of the transaction were not disclosed

About the company

Aclara Technologies LLC (“Aclara”)
Aclara, a division of Hubbell Utility Solutions, is a world-class supplier of smart infrastructure solutions (SIS) and services to more than 1,000 water, gas, and electric utilities globally. Aclara SIS offerings include smart meters and other field devices, advanced metering infrastructure and software and services that enable utilities to predict and respond to conditions, leverage their distribution networks effectively, and engage with their customers.

Hubbell Incorporated (“Hubbell”)
Hubbell Incorporated is a global manufacturer of quality electrical products and utility solutions for a broad range of applications in the Electrical Solutions and Utility Solutions segments. With 2020 revenues of $4.2 billion, Hubbell Incorporated operates manufacturing facilities in the United States and around the world. The corporate headquarters is located in Shelton, CT.

N. Harris Computer Corporation (“Harris”)
Harris acquires vertical market software businesses, manages them well, and builds them for the future. Through acquisitions, Harris has grown extensively from its roots in the utilities, local government, education, and healthcare verticals to operate over 150 businesses globally across more than 20 industries. We are a part of Constellation Software Inc. (TSX: CSU), one of the world’s most active acquirers of VMS businesses.

Sources: Company Materials
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