French communications company Sagemcom has announced its acquisition of smart gas metering solutions provider Meter Italia S.P.A.As of July 27, 2017, Sagemcom became a 100% shareholder of Meter Italia S.p.A through its subsidiary Sagemcom Energy & Telecom SAS. Meter Italia joins the Sagemcom group and becomes Sagemcom Italia S.p.A.
According to a company release, this acquisition represents an opportunity for the Sagemcom Group to access and actively participate in the growth of the gas metering market. Meter Italia has a complete portfolio of traditional and smart residential gas meters, as well as a range of industrial gas meters.
Combining the competencies of Meter Italia and Sagemcom will also allow Sagemcom to address new technology breakthroughs in the world of multi-energy metering, in order to meet the expectations of the market and its customers.
For Patrick Sevian, CEO of Sagemcom, said: "This acquisition is at the heart of our growth strategy, especially because the smart multi-energy metering market is a promising future for our Group. This strengthens our position as a leader of the multi-energy metering market, specifically in EMEA thanks to Meter Italia's positions and our presence on the Italian market. We are pleased to see Meter Italia join Sagemcom."
"The integration of an actor like Meter Italia is a real opportunity to immediately become a major player in gas, thanks to the combination of Meter Italia's know-how and reputation in the manufacture of gas meters, together with Sagemcom's expertise in energy management solutions, communication infrastructures and IoT," added Eric Rieul, VP of Sagemcom Energy and Telecom.
“Joining the Sagemcom Group is a tremendous opportunity for Meter Italia. We will be able to get support from a structure and teams that will allow us to develop our
business internationally,” concluded Boris Ferraresi, CEO of Meter Italia.
Enexis deploys LTE CAT1 enabled Sagemcom smart meters
This July, Enexis Netbeheer will begin large-scale rollout of Sagemcom ESMR5 smart electricity meters with LTE CAT1 communications technology.
This rollout follows successful joint achievements between Enexis Netbeheer and Sagemcom including final system integration, field test period monitoring and LTE CAT1 radio performance proven by a 3rd party accredited laboratory.
Sagemcom is providing Dutch utility Enexis Netbeheer with XS210 single phase meters and T210 three phase meters for the smart meter deployment. Through the use of wireless Mbus communication, the ESMR5 smart electricity meters are fully interoperable with all ESMR5 compliant smart gas meters. According to Sagemcom, the new combination of electricity and gas meters will offer real time information on energy consumption to reduce energy usage and significantly decrease energy costs for customers. Read more...