Elster Group, a supplier of high quality integrated metering and utilisation solutions, has acquired Coronis Systems, designer and developer of ultra-low power long range wireless solutions and platforms for OEMs and integrators, from its management and a group of venture capital shareholders led by Banexi and Axa Private Equity.
Since its inception in 2000, Coronis Systems has become the global leader in ultra-lowpower consumption wireless communication technology. With more than 1.2million devices deployed in small, medium, and large-scale wireless mesh networks around the world, Wavenis technology addresses the specific characteristics and needs of today’s smart sensor networks.
The Elster Group’s acquisition of Coronis Systems strengthens its portfolio of standards-based AMI solutions for utilities. As part of the Elster Group, Coronis Systems will continue to supply and support its current customer base and seek to expand the market and standardisation for Wavenisenabled platforms. Coronis Systems will also reinforce its line of transversal ultra-low-power wireless platforms and solutions, leveraging the Elster Group’s leading market position.