IN BRIEF – AMERICAS
- From: Vol 8, Issue 5 (May 2007)
- Category: Brief
- Region: Americas
- Country: United States
- Related Companies: Actaris Metering Systems, American Water, CH2M Hill, Elster Group, Itron, RWE, Severn Trent, Skanska, Thames Water, Tully Construction and UBS
* Private water veteran Jim McGivern was unveiled in early May as the new CEO of metering giant Elster Group. McGivern was previously COO at American Water, after having worked as the head of Thames Water’s American business unit with responsibility for seeing through the acquisition of American Water by RWE/Thames.
Prior to that, he was president of Thames Water’s international business operations.
* Elsewhere in the metering universe, Itron has completed the acquisition of Actaris Metering Systems for $1.7 billion. The acquisition was financed by a $1.2 billion equivalent senior secured credit facility from UBS, comprising first lien term loans of $605 million, €335 million and £50 million ...
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