Nuremberg, Germany and San Mateo, CA, U.S.A. --- (METERING.COM) --- December 6, 2011 - Siemens has acquired San Mateo, CA based meter data management company eMeter for an undisclosed sum to add to its smart grid portfolio.
With its EnergyIP platform, eMeter is one of the leading providers of meter data management software worldwide used in the recording and processing of energy consumption data in electronic, gas and water meters.
“The acquisition of eMeter means that EnergyIP meter data management software will become an integral part of our smart grid portfolio,” said Jan Mrosik, CEO of the Smart Grid Division of the Siemens Infrastructure and Cities Sector. “Ever increasing demand for more efficient power supply networks for cities and utilities make this acquisition even more important.”
Siemens has been working together with eMeter as a strategic partner since 2008, and has implemented EnergyIP as the core component of its complete smart metering solutions in numerous projects. This software can efficiently readout, manage and provide the increasing quantities of data from smart meters in the power supply network.
“Siemens’ global reach and products and services coupled with eMeter’s Energy Information Platform, supports a strong growth strategy and further penetration into the smart grid market,” added Gary Bloom, CEO and president of eMeter.
On October 1, Siemens pooled its business of intelligent power supply networks into the Smart Grid Division of the newly-formed Infrastructure & Cities Sector.