Stockholm, Sweden and Paris, France --- (METERING.COM) --- February 17, 2010 - The management of the existing smart meter portfolio of Fortum Distribution AB in Sweden is to be taken over by Capgemini Sverige AB, a subsidiary of Capgemini, under a 10-year contract worth a minimum €94 million.

The contract will be delivered through Capgemini’s proprietary Managed Business Services usage-based pricing model, a part of the company’s new Smart Energy Services offering to be announced soon.

The contract includes management of Fortum’s existing portfolio of 860,000 smart meters in Sweden and encompasses a range of services including regular and scheduled meter reading, field services, service desk, management reporting, data center hosting and application management. Capgemini will also be responsible for managing subcontractors, such as telecommunications, software providers, meter manufacturers and field service providers.

The project will be supported through a global delivery model based on Capgemini’s Rightshore® approach, which is aimed at achieving the right balance of the best talent from multiple locations, with services provided from countries including Sweden, Poland, India and Finland.

“This is a deal of the utmost significance for Capgemini,” said Peter Harris, vice president and European leader of Capgemini’s Smart Energy Services. “Not only is Fortum an ambitious company, with aspirations to be a leader in the smart energy sector, the Nordic region is also leading Europe in this space with smart meters already deployed in every household in Sweden, and Finland and Norway close behind.”