Aclara Acquires Smart Grid Business from Tollgrade
Aclara Technologies LLC has acquired the smart grid business of Tollgrade Communications, Inc.. The transaction includes the award-winning LightHouse® distribution monitoring platform comprising Sensors and Sensor Management System (SMS) software with Predictive Grid® Analytics, as well as a broad intellectual property portfolio. Financial terms are not being disclosed.
â€œThis acquisition represents an important step forward for Aclara as a leader in smart infrastructure, and the addition of LightHouseâ€™s game-changing platform allows Aclara to provide utilities with an economical alternative to other systems,â€ said Allan Connolly, President and Chief Executive Officer of Aclara. â€œIt also expands the market potential for the Smart Grid products in the electric utility industry by combining Tollgradeâ€™s strong, established relationships in the investor owned utility (IOU) market with Aclaraâ€™s leadership in the cooperative and municipal electric markets,â€ he added.
The acquisition represents another key growth initiative for Aclara following the December 2015 purchase of GEâ€™s electricity meters business operating within GE Energy Managementâ€™s Grid Solutions subdivision. The addition of the LightHouse platform expands Aclaraâ€™s capabilities in distribution grid monitoring and the transaction strengthens Tollgradeâ€™s focus on its traditional Broadband business.
Deployed at some of the worldâ€™s leading utilities, the Smart Grid LightHouse platform provides fault detection and location, power quality monitoring and classification of grid events. With the LightHouse platform, utilities can monitor the health of the distribution grid, make informed decisions and reliably deliver power to their customers. Furthermore, the platform enables grid operators to reach their modernization goals and incorporate renewable energy sources.
â€œThe LightHouse vision is to provide electric power companies a multi-application distribution monitoring platform, enabling them to run their network in a proactive and ultimately predictive way,â€ said Erik Christian, VP of Smart Grid. â€œToday marks the beginning of an exciting new chapter for our Smart Grid business and LightHouse solution. Aclara is an industry leader, and joining Allan and the fantastic organization heâ€™s built will strengthen our technology platform and ability to service our customers, and will enhance our capabilities to reach new markets.â€