Siemens to acquire eMeter to enhance Smart Grid offering

Siemens Industry, Inc. will buy eMeter Corporation this month, subject to necessary approvals and customary closing conditions. The parties will not disclose the terms of the agreement.

eMeter will join the Smart Grid Division of the Siemens Infrastructure & Cities Sector, part of Siemens Industry, Inc. in the United States. eMeter will become a global business segment focused on Meter Data Management (MDM), and will continue to operate from its San Mateo headquarters.

With the completion of this purchase, Siemens is making a strong commitment to delivering on its aim to strengthen its position in the Smart Grid market.

“The acquisition of eMeter will allow Siemens to expand its reach globally in the Energy Information and Meter Data Management space,” said Jan Mrosik, CEO of the Smart Grid Division of the Siemens Infrastructure & Cities Sector.

“Ever-increasing demand for solutions to improve the effectiveness of the Smart Grid for cities and utilities makes this acquisition even more important. eMeter is known for its software and services capabilities that enable electric, gas and water utilities to realise the full benefits of the Smart Grid,” Mrosik concluded.

Recent Articles

Two senior hires as Cradlepoint expands into Europe with new solutions to guide 5G path

Posted on: May 28, 2020

A global specialist in cloud-delivered LTE and 5G wireless network edge solutions, Cradlepoint today announced its expansion into Europe with senior hires, investment in new teams and new product offerings.

Read more

Privacy purists cannot be allowed to block the end of lockdown

Posted on: May 27, 2020

Innovations in technology continue to offer hope in the fight against the spread of coronavirus. From thermal sensors which detect symptoms to track and trace apps, it seems inevitable, says Alicia Asin, co-founder and CEO of Libelium, that new technology holds at least part of the key to enabling us to return to some sense of normality.

Read more