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M&A Deal Summary

Aclara Technologies Acquires Apex CoVantage - Smart Grid Solutions

On January 12, 2017, Aclara Technologies acquired information technology company Apex CoVantage - Smart Grid Solutions from Apex CoVantage

Acquisition Highlights
  • This is Aclara Technologies’ 1st transaction in the Information Technology sector.
  • This is Aclara Technologies’ 2nd transaction in the United States.
  • This is Aclara Technologies’ 1st transaction in Virginia.

M&A Deal Summary
Date 2017-01-12
Target Apex CoVantage - Smart Grid Solutions
Sector Information Technology
Buyer(s) Aclara Technologies
Sellers(s) Apex CoVantage
Deal Type Divestiture

Target

Apex CoVantage - Smart Grid Solutions

Herndon, Virginia, United States
Apex CoVantage LLC - Smart Grid Solution providers a ProField mobile workforce management technology used for smart grid deployments as well as the Smart Grid Professional Services business comprising utility field services and consulting.

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Buyer(S) 1

Buyer

Aclara Technologies

Hazelwood, Missouri, United States
Category Company
Sector Technology Hardware
Revenue 500M USD (2017)
DESCRIPTION

Aclara Technologies LLC is a utility communications company, designs, develops, and deploys utility management communications systems for water, gas, and electric utilities in the United States and internationally.

DEAL STATS #
Overall 3 of 3
Sector: Information Technology M&A 1 of 1
Type: Divestiture M&A Deals 3 of 3
State: Virginia M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-11 Tollgrade Communications - Smart Grid Business

Cranberry Township, Pennsylvania, United States

Tollgrade Communications, Inc. - Smart Grid Business includes LightHouse® distribution monitoring platform comprising Sensors and Sensor Management System (SMS) software with Predictive Grid® Analytics, as well as a broad intellectual property portfolio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-10 Aclara Technologies - Consumer Analytics Solutions Business

Hazelwood, Missouri, United States

Aclara Technologies' Consumer Analytics Solutions Business 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.

Sell -

Seller(S) 1

SELLER

Apex CoVantage

Herndon, Virginia, United States
Category Company
Founded 1988
Sector Information Technology
DESCRIPTION

Apex CoVantage LLC is a provider of IT services for media and entertainment industry.

DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Virginia M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2017 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-17 Progressive Publishing Services

Herndon, Virginia, United States

Progressive Publishing Services provides specialized editorial, production, and digital services to publishers around the globe. Progressive Publishing Services is based in Herndon, Virginia.

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