APX Alarm Acquires Meter Solutions
APX Alarm Security Solutions, one of the nation’s largest security and home services companies, has announced the acquisition of Meter Solutions, an independent installation provider of smart meter technologies and solutions. The acquisition broadens APX’s focus on providing smart grid and energy management solutions for consumers.
Meter Solutions, based in Orem, Utah, specializes in the installation of Automated Metering Infrastructure systems, or AMI, a technology that automatically collects data from water, gas or electronic meters and wirelessly transmits the information to a central database used for billing and analyzing. This instant data collection provides utility companies with more accurate billing and also reduces labor costs, eliminating the need for additional field technicians and door-to-door meter reading.
“Meter Solutions has made great strides over the past several years in becoming a leader in smart grid deployments. By merging with APX, we hope to continue to bring innovative solutions to our utility customers, while also providing the consumer with an opportunity to benefit from the increased functionality provided by a fully integrated AMI system,” said Taylor Turnbull, chief executive officer of Meter Solutions.
“We are excited to see the evolution of home automation and smart grid technologies as they begin to work hand-in-hand,” said Alex Dunn, chief operating officer of APX Alarm. “With the acquisition of Meter Solutions, our company is smart grid ready, providing energy efficiency and cost-effective remedies for both homeowners and utility companies.”