Financial Advisor
Tollgrade Communications, Inc.
M&A Advisory
Smart Grid Business
Has Been Acquired By
Transaction Details
- On August 11, 2016, Aclara Technologies LLC ("Aclara"), announced the acquisition of the Smart Grid business of Tollgrade Communications, Inc. (“Tollgrade”)
- Financial terms were not disclosed
- The transaction includes Tollgrade’s LightHouse distribution monitoring platform comprising Sensors and Sensor Management System (SMS) software with Predictive Grid Analytics, as well as a broad intellectual property portfolio
- The addition of Tollgrade’s Smart Grid business expands Aclara's capabilities in distribution grid monitoring and the transaction strengthens Tollgrade's focus on its traditional Broadband business
- Stephens Inc. served as exclusive financial advisor to Tollgrade on the transaction
About the company
Tollgrade Communications, Inc.
With over 200 million lines under test in more than 70 of the world's communication service operators, Tollgrade brings 30 years of experience redefining the global standard for reliability. As a leading provider of network assurance solutions, Tollgrade's broadband products and solutions enable communication service providers to manage their networks efficiently in an age of continually evolving technology, and ongoing pressure to reduce costs.
Aclara Technologies LLC
Aclara Technologies LLC is a world-class supplier of smart infrastructure solutions (SIS) to more than 780 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.
Sources: Company documents and publicly available information.
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