Badger Meter Acquires French Automotive Lubrication Systems Supplier

    MILWAUKEE--June 4, 2002--Badger Meter, Inc. (AMEX: BMI) today announced it has completed the acquisition of SA MecaPlus Equipments (MPE) of Nancy, France. Terms of the cash transaction were not disclosed.
    MPE is the largest supplier of lubrication systems in France and one of Badger Meter's largest customers for automotive fluid meters and metering systems. MPE purchases lubrication meters, oil tanks, hoses, reels and other equipment and assembles them into lubrication systems for use in measuring and dispensing automotive fluids such as oil, grease and transmission fluid. MPE had sales of approximately $14 million in its latest fiscal year.
    "The acquisition will bring Badger Meter closer to our European automotive customers and enable us to offer a full line of lubrication systems in addition to the metering products we currently provide. It will also enable MPE to expand through Badger Meter's established international sales organization and distribution channels in Europe," said Richard A. Meeusen, president and chief executive officer of Badger Meter.
    Meeusen said Jacques Masson, president of MPE, and his management team will remain with the company. "The acquisition is a positive step for both companies. It will provide growth opportunities for MPE while at the same time strengthening Badger Meter's product line for the automotive fluid market. We look forward to joining the Badger Meter organization," said Masson, who founded MPE in 1993.
    Added Meeusen, "This is the second acquisition for Badger Meter in 2002. Both acquisitions expand existing product lines for industrial customers in solid niche markets."

    Badger Meter is a leading marketer and manufacturer of flow measurement and control technology, developed both internally and with other technology companies, as well as the leader in providing digital connectivity to leading AMR technologies. Its products are used to measure and control the flow of liquids in a variety of applications.

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