RALEIGH, N.C.--(BUSINESS WIRE)--Water utilities now have a powerful ally in ensuring accurate measurement of commercial water usage. The new Sensus accuMAG™ meter, is a stand-alone commercial ...

Raleigh smart meter maker Sensus is being acquired for $1.7 billion in cash by Xylem, a publicly traded water technology company based in New York.

Xylem Inc., a maker of wastewater and water treatment systems, agreed to acquire Sensus for about $1.7 billion to add faster-growing data and metering services to its portfolio.