Siemens AG (ETR:SIE) has acquired all of the stock in eMeter, a smart grid offering company. eMeter turns meter data into usable information and helps utilities and customers make smarter energy decisions. The deal is expected to be completed by the end of the year.
eMeter will be rolled into Siemens Infrastructure & Cities Sector. All eMeter employees will become Siemens employees. eMeter will continue to operate from their San Mateo, California headquarters. eMeter delivers platform and Meter Data Management (MDM) application software for the smart grid market.