Dresser Utility Solutions to acquire Germany's RMG Messtechnik

Houston-based Dresser Utility Solutions has signed an agreement to acquire RMG Messtechnik GmbH, a global supplier of ultrasonic gas measurement technology. RMG makes high-pressure ultrasonic gas meters, turbine meters, gas chromatographs, flow computers and data loggers, and employs roughly 230 people worldwide with a strong European footprint. Terms were not disclosed. CEO David Evans said the combination broadens Dresser's gas metering portfolio and opens new growth opportunities.

Why it matters: Utility metering is consolidating fast as gas and water networks digitize their measurement infrastructure.