Siemens this morning announced that it will acquire all of the stock of eMeter in an effort to enhance its smart grid offering. The deal, terms of which were not disclosed, is expected to be completed by the end of the year. eMeter will be part of the Smart Grid Division of the Siemens Infrastructure & Cities Sector, which is housed within Siemens.
All eMeter employees will be transitioned to Siemens (US) as a result of the transaction.
eMeter will become a global business segment and center of competence for Meter Data Management (MDM), and will continue to operate from its San Mateo, California headquarters.
eMeter delivers platform and MDM application software for the smart grid market, enabling electric, gas and water utilities to reduce operational costs and drive energy efficiency.