It’s been an interesting year for mergers and acquisitions in the distributed energy space, with some unexpected developments.
We haven’t seen the same massive M&A deals of years past, such as GE’s purchase of Alstom or Honeywell’s acquisition of Elster — although Tuesday’s announcement that smart metering and utility software provider Aclara was being sold for $1.1 billion to Hubbell Inc. helped bring this year’s total closer to the peaks of the past.
But when you look at the activity in 2017, a pattern emerges.