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.
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