Siemens adds eMeter, the U.S. meter data specialist, to its smart grid portfolio

Aim is to enhance its global market position in the field of smart grid metering

Nuremberg (Germany), (PresseBox) - Siemens expands its smart grid portfolio with the acquisition of eMeter, an U.S. meter data management specialist based in San Mateo, California. An agreement was signed at the beginning of December. 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. Both parties have agreed not to disclose the purchase price and expect to close the deal in mid-to-late December 2011.

"The acquisition of eMeter means that EnergyIP meter data management software will become an integral part of our smart grid portfolio. Ever-increasing demand for more efficient power supply networks for cities and utilities make this acquisition even more important," said Jan Mrosik, CEO of the Smart Grid Division of the Siemens Infrastructure and Cities Sector. Siemens has been working together with eMeter as a strategic partner since 2008. In numerous projects Siemens used its international sales structure and implemented EnergyIP, the meter data management software, as the core component of its complete smart metering solutions. 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 renowned Energy Information Platform, supports a strong growth strategy and further penetration into the smart grid market," said Gary Bloom, CEO and president of eMeter.

On October 1 of this year, Siemens pooled its business of intelligent power supply networks into the Smart Grid Division of the newly-formed Infrastructure & Cities Sector. The Smart Grid Division supplies power providers and network operators, industrial enterprises, infrastructure elements and cities with products and solutions for intelligent and flexible network infrastructures. To meet growing energy needs, the networks of today and tomorrow must integrate more and more renewable energy sources and ensure bi-directional energy and communication flows. Smart Grids help make it possible to generate and use power efficiently and on demand.

Energy-efficient, eco-friendly solutions for setting up intelligent power supply networks (Smart Grids) are part of Siemens' Environmental Portfolio. In fiscal 2011, revenue from the portfolio totalled nearly €30 billion, making Siemens one of the world's largest suppliers of eco-friendly technologies. In the same period, the company's products and solutions enabled customers to reduce their carbon dioxide (CO2) emissions by nearly 320 million tons, an amount equal to the total annual CO2 emissions of Berlin, Delhi, Hong Kong, Istanbul, London, New York, Singapore and Tokyo.

The Siemens Infrastructure & Cities Sector (Munich, Germany), with approximately 87,000 employees, offers sustainable technologies for metropolitan areas and their infrastructures. Its offerings include integrated mobility solutions, building and security technology, power distribution, smart grid applications, and low- and medium-voltage products. The Sector comprises the Divisions Rail Systems, Mobility and Logistics, Low and Medium Voltage, Smart Grid, Building Technologies, and Osram AG. For more information, visit http://www.siemens.com/infrastructure-cities

The Siemens Smart Grid Division (Nuremberg, Germany) supplies products and solutions for intelligent and flexible network infrastructures. To meet growing energy needs, the networks of today and tomorrow must integrate all forms of power generation and ensure bidirectional energy and communication flows. Intelligent networks help make it possible to generate and use power efficiently and on demand. They contribute to the electrification of railroads and also supply industrial enterprises, infrastructure elements, and entire cities with electricity. For more information, visit http://www.siemens.com/smartgrid

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