Cooper Industries Acquires Cannon Technologies

Cooper Industries, Houston, said its Cooper Power Systems Inc. subsidiary acquired Cannon Technologies Inc., a Minneapolis-based energy monitoring and metering company.

The purchase was made from a private-equity fund managed by GFI Energy Ventures, the majority owner of Cannon, and the Cannon Technologies founders. Financial terms were not disclosed.

Cannon Technologies serves more than 400 utility customers in North America. The company’s software provides a scalable platfor

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