The owners of iMeter B.V., Kale Group and the private shareholders, have sold the company to Dresser, Inc. for an undisclosed consideration.
iMeter B.V. manufactures and markets rotary and turbine gas meters, meter instrumentation and meter calibration systems for the global natural gas industry. iMeter is known for its innovative product design capabilities and engineering expertise. iMeter was established in 2002 as a partnership between three Dutch individuals and one of the most prominent industrial groups of Turkey, Kale Group. Banking on its highly talented and strong R&D team, it has developed innovative products with relatively lower cost structures.
Dresser, Inc. is a manufacturer and marketer of highly engineered equipment and specialized services sold primarily to customers in energy-related industries. The company's products include instruments, meters, piping specialties, natural gas-fueled engines, retail fuel dispensers, and outdoor payment and point-of-sale systems. Dresser is globally active, with sales in over 100 countries and approximately 6,400 employees worldwide.
iMeter is expected to strengthen Dresser’s meters and instruments product portfolio for the global natural gas distribution and transmission markets. “We plan to build on iMeter’s engineering innovations by leveraging Dresser’s world-class manufacturing operations to supply iMeter products to our global customer base,” Dan Jezerinac, President of Dresser’s Infrastructure Solutions business, said. “The addition of iMeter’s Holland operation will allow us to improve our product offerings and delivery capabilities for European and Asian customers, and will broaden our product offerings for customers in the Americas.”
Founded in 1957, the Turkish Kale Group is a global leader in the ceramic tile sector. The company’s ongoing investments have furthermore propelled it into a world-class player in the machinery, defense, chemical, electrical components, energy, information, transport, tourism and food sectors. Today, the Kale Group comprises 24 separate companies with a total workforce of more than 5,000 people. Its products are sold in 60 countries worldwide.
Oaklins' team in the Netherlands advised the seller in this transaction.
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