Cellnet (Atlanta, Georgia, U.S.) announced that its management, led by Mike Zito, has teamed with GTCR Golder Rauner LLC (Chicago, Illinois, U.S.) to acquire Cellnet from Atos Origin for an undisclosed price. The business will operate as an independent entity led by existing management and will continue to market itself under the Cellnet brand.

Cellnet provides the data services and builds the automated meter reading (AMR) networks for electric, water and gas utilities. Cellnet serves its utility customers through long-term meter reading managed service contracts currently valued at more than $2 billion. The Cellnet wireless networks read nearly 10 million utility meters daily for customers in 11 major metropolitan areas across the United States, including Philadelphia, Seattle, Minneapolis, St. Louis, Kansas City, Milwaukee, Indianapolis, Pittsburgh, New Haven, Austin and Jacksonville.

In addition to fixed AMR networks, Cellnet specializes in distribution automation solutions. Cellnet uses its Utilinet technology, a wireless “mesh network” of programmable intelligent radios, to provide utilities with the most reliable way to remotely communicate with end devices located throughout their existing field infrastructures.
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