Paris, France — (METERING.COM) — August 2, 2010 – Consulting, technology and outsourcing services provider Capgemini Group has acquired the Swedish IT and business process outsourcing (BPO) service provider Skvader Systems AB.
Skvader is one of the delivery partners of Landis+Gyr in the contract for the installation and management of 400,000 meters in Sweden at E.ON. This will now be a part of Capgemini’s Smart Energy Services business, further extending the company’s share of both the Swedish and European smart energy market.
Capgemini estimates that over €300 million of smart energy service contracts will come to the Nordics over the next three years, underlining the strategic significance of this acquisition.
“After winning a €94 million contract with Fortum to manage the company’s portfolio of 860,000 smart meters in Sweden earlier this year, this latest acquisition sees our Smart Energy Services practice secure a further 400,000 meters and consequently a market share of 25 percent in Sweden,” said Peter Harris, vice president and European leader of Capgemini’s Smart Energy Services. “Skvader has built a strong and successful smart energy services business in the Nordics, a region that is leading the charge in the deployment of smart energy technologies. Leveraging the specialist skills of Skvader’s employee base will contribute to expanding our outsourcing services business across the Nordic region, and building our smart energy services practice across Europe.”
As a part of the acquisition Capgemini will acquire a software solution developed by Skvader to support its managed business services contracts. The software is sold to other utilities and utility service providers through SaaS contracts to support a 1 million smart meter deployments. This software will enhance the solutions that Capgemini currently deploys in support of smart energy services contracts in Europe and North America.
With 40 employees and a strong reputation in the Scandinavian market, Skvader has committed smart metering contracts for the next 3 years. Owned by five shareholders all currently working within the business, the company has been profitable and successful since its inception in 2000.
“As the smart energy market grows across Europe over the next decade, we are excited to be a part of an organisation that has global ambition, proven expertise and a passion for the potential that this technology represents for the energy industry. We look forward to being a part of that,” commented Gunnar Hedbris, one of the founders of Skvader.