Hunt Technologies, a global supplier of advanced metering infrastructure (AMI) and meter monitoring technology, has announced an acquisition agreement with the Bayard Group – an international investor specialising in the energy measurement and efficiency technologies sectors.

The agreement allows Hunt Technologies to remain as an independent operating company, while providing capital resources for further expansion of its AMI business. The company will continue to be operated by its current management team, and will retain its current business model and vendor neutrality with regard to its business alliances and partnerships within the metering industry.