Elbtal, Germany --- (METERING.COM) --- August 31, 2009 - Effective October 1, 2009 Siemens IT Solutions and Services will acquire a 60 percent stake in SAP special expertise partner Energy4U GmbH, with the aim of strengthening its smart grid portfolio for utility companies in the area of smart metering and billing.
Energy4U specializes in SAP implementation of customer information and billing systems for utilities. Founded in 2000, Energy4U GmbH has over 90 employees and is one of Germany’s leading SAP service providers in this market segment. Both parties have agreed not to disclose the purchase price. The transaction remains subject to final approval by the German antitrust authorities.
Siemens offers solutions for utilities across the entire value chain from energy generation, transport and distribution through to metering and billing, and is stepping up its activities in connection with smart grids.