Home Economy Rye Brook-based Xylem to buy smart meter company for $1.7 billion

Rye Brook-based Xylem to buy smart meter company for $1.7 billion

Rye Brook-based Xylem Inc., an international water technology company, announced on Aug. 15 that it has signed an agreement to buy Sensus, a provider of water-metering technologies, for $1.7 billion in cash. Sensus, with headquarters in Raleigh, N.C., has more than 80 million metering devices installed worldwide. The company is a provider of network technologies and…

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