Badger Meter buys Cox Instruments and Flow Dynamics

Apr 15, 2010

MILWAUKEE -- Badger Meter, Inc. announced it has purchased Cox Instruments, LLC, of Scottsdale, Arizona, and its subsidiary Flow Dynamics, Inc. Cox Instruments and Flow Dynamics manufacture and market precision high-performance flowmeters that are used in demanding applications such as aerospace, custody transfer and flow measurement calibration test stands. The combined 2009 sales for both companies were approximately $5.4 million. Terms of the transaction were not disclosed.

According to Richard A. Meeusen, chairman, president and chief executive officer 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. 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," said Meeusen.

Meeusen said Badger Meter will merge the two entities into a wholly-owned subsidiary of Badger Meter, Inc., named Cox Flow Measurement, Inc. The Cox management team will remain with the company.
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