iMeter B.V. has been acquired by Dresser, Inc.
July 2009 — 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.
Our role in the transaction
Oaklins' teams in the Netherlands and in Turkey advised the seller in this transaction.
Talk to the deal team
Related deals
Nexxtlab has successfully raised funding to support its growth
Nexxtlab, a Luxembourg-based energy technology company, has raised growth capital from an experienced international energy player. The investment marks an important milestone in Nexxtlab’s development and will support the company’s commercial expansion across Europe, continued product innovation and the further scaling of its energy management platform.
Learn moreEmpresa Eléctrica Cochrane has completed a corporate restructuring and liability management process
AES Andes S.A. has completed a corporate restructuring and liability management process that included the acquisition of Toesca’s indirect interest in Empresa Eléctrica Cochrane S.p.A. (Cochrane); the prepayment of Cochrane AES’s 5.50% 2027 international bond; the exchange of Cochrane’s BCOCH-A local bonds for new international bonds issued in Rule 144A/Regulation S format for US$485 million; and the merger between Cochrane and AES Andes.
Learn morePresight Solutions has been acquired by Banyan Software
Banyan Software, a leading acquiror and operator of mission-critical software businesses, has entered Norway with the acquisition of Presight Solutions AS, a SaaS company delivering advanced software for safety, operational integrity and regulatory compliance in high-risk industries. The transaction marks a new chapter for Presight, strengthening its ability to scale while preserving the product focus, sector expertise and customer trust built since its founding in 2003.
Learn more