Brussels, Belgium and Blieskastel, Germany --- (METERING.COM) --- October 6, 2010 - Itron Inc. and Hager Group have entered into a strategic partnership in order to meet the requirements of the evolving smart metering environment in Germany.

Initially the companies will expand their operations in Germany, with Itron benefitting from Hager’s experience pioneering in the modular eHZ electricity meter concept and BKE meter board socket technology, and Hager benefitting from Itron’s meter design and manufacturing expertise.

Under the agreement, Itron and Hager will sell the existing and first generation of Hager’s eHZ meters, while co-developing and manufacturing the next generation of modular metering solutions. In the longer term, the new modular solutions will interface with home automation devices and the smart grid through a communication module.

“We believe this partnership will yield great benefits for our clients,” said Daniel Hager, CEO of the Hager Group. “Combining the strengths of both companies in the area of modular metering solutions will create significant momentum towards the implementation of systems that enable the efficient usage of electrical energy.”

“The combination of Hager’s expertise in home automation and Itron’s leadership in smart metering solutions creates a valuable contribution to the smart home as part of the smart grid,” added Marcel Regnier, senior vice president and COO, Itron International. “Through this collaborative agreement, the two companies will help utilities offer innovative and enhanced services to their customers.”