Raleigh-based Sensus, which focuses on smart metering technology, reportedly is up for sale.

Reuters news service is reporting that Sensus has retained Credit Suisse to find a buyer.

The company, which also has an operation in Morrisvlle, could be worth up to $1 billion, Reuters said.

Spokesmen for Sensus and Credit Suisse declined comment, Reuters reported.

Sensus recently named a new chief financial officer and also went through a reorganization.

Read the Reuters report here.

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