Announced

Completed

Kamstrup completed the acquisition of BD Smart Forsyning from Saint-Gobain.

Synopsis

Kamstrup, company that manufactures and supplies intelligent metering solutions, completed the acquisition of BD Smart Forsyning, a provider of digital solutions to utility companies, from Saint-Gobain, a wholesale distributor of hardware, plumbing, and heating equipment. Financial terms were not disclosed. "To accelerate the development of digital solutions for the utility industry, we have chosen to acquire and integrate BD Smart Forsyning. BD Smart Forsyning contains a number of competencies that are in line with what we would like to develop and offer to our customers. With a culture characterized by agility and customer focus, BD Smart Forsyning stands on a strong foundation," Søren Kvorning, Kamstrup CEO.

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