In a statement, Kamstrup said it will provide 6,000 units of its MULTICAL 21 smart water meters.
The deal comes less than two weeks after the EU lifted sanctions against the Middle Eastern nation.
Kamstrup said the smart water meter is equipped with radio technology, wireless data communication and sensitive leak detectors allowing quick detection of even the slightest amount of water.
Kamstrup in Iran’s smart metering market
The contract is Kamstrup’s first in Iran and falls under rallying towards improving the country’s water and renewable energy sectors by Danish companies.
Kamstrup said it was part of a Danish delegation led by Danish Foreign Minister Kristian Jensen that met with Iranian Energy Minister Hamid Chitchian in Tehran to discuss the solutions Danish companies could provide.
Kamstrup's global presence
Kamstrup's first deal in Iran expands the smart metering solutions provider's presence on a global scale.
Last month, Kamstrup announced the opening of its new local subsidiary in Istanbul, Turkey.
The company said the purpose of the Turkey subsidiary is “provide better support and to be closer to their Turkish customers and partners.”
Rene Nygaard, regional sales manager at Kamstrup, said: ”To create a valuable supply business for our customers and potential partners in Turkey, we need to be close to them and understand the market and the conditions."
The development came at a time Kamstrup engaged in separate contracts with two Turkish utilities for implementation of smart meters pilot projects.
Nygaard added: ”Our partnership with CLK Enerji is part of a bigger pilot project run by CLK Enerji and DNV/KEMA and financial supported by the Energy Market Regulatory Agency.
"The performance results from this project will have great importance for developing a roadmap for the Turkish rollout and it will be a major step towards influencing the framework conditions”
By opening the sales office in Turkey, Kamstrup now has 24 subsidiaries in different countries and is looking forward to increase the number before year end.