Apr 13, 2010

Badger Meter Purchases Cox Instruments and Flow Dynamics

Acquisition combines three flow measurement companies into wholly-owned subsidiary of Badger Meter, Inc., named Cox Flow Measurement, Inc.

Badger Meter, Inc., announced it has purchased Cox Instruments, LLC, of Scottsdale, Ariz., and its subsidiary companies, Flow Dynamics, Inc., and Exact Flow. The entities are suppliers of precision and industrial flow measurement instrumentation worldwide. Terms of the transaction were not disclosed.

The acquisition combines the resources of the three flow measurement companies into a wholly-owned subsidiary of Badger Meter, Inc., named Cox Flow Measurement, Inc., which will continue to be based in Scottsdale. The Cox management team will remain with the company.

Cox Instruments and Exact Flow manufacture precision, flowmeters used in flow applications such as aerospace, custody transfer and flow measurement calibration test stands. Flow Dynamics is a National Voluntary Laboratory Accreditation Program-accredited primary standard flow calibration laboratory, supplying both manufacturers and end users.

According to Richard A. Meeusen, chairman, president and CEO of Badger Meter, the acquisition of Cox Instruments and Flow Dynamics gives Badger Meter several new flow measurement technologies.

“We believe that Cox’s high end turbine meters for industrial and precision flow applications are a good fit for Badger Meter,” he said. “Integrating these products with our existing flow measurement portfolio will open new market opportunities for us, while effectively leveraging the customer base of both companies. Cox has an excellent reputation in the industry and will be a great addition to Badger Meter’s line of global flow measurement solutions.”

“Badger Meter’s purchase of Cox Instruments and our affiliate companies provides exceptional product synergy and strengthens our competitive position in the global flow measurement market,” said ,” said Cox Instruments’ Mike Wusterbarth, who will now assume the duties of general manager of Cox Flow Measurement, Inc. “The combined organization will benefit customers greatly with additional distribution channels and customer service.”