Siemens to acquire eMeter

Siemens Industry, Inc has signed a deal to buy all of the stock of San Matero, California-headquartered eMeter Corporation.

eMeter will be part of the Smart Grid Division of the Siemens Infrastructure & Cities Sector, which is housed within Siemens Industry, Inc in the United States. eMeter will become a global business segment and centre of competence for meter data management (MDM) and will continue to operate from its San Mateo headquarters as part of the Smart Grid Division. eMeter employees will be integrated into the Siemens business structure.

With its EnergyIP platform, eMeter is a leader in platform and MDM application software for this key market and is expected to enhance Siemens’ position, according to Siemens. eMeter’s expertise will complement Siemens’ technology portfolio and integrated smart grid solutions offering.

“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.