The parties expect to close the deal in December 2011, and will not disclose the terms of the agreement, Siemens says.
San Mateo, Calif.,-based eMeter will become part of the Smart Grid Division of the Siemens Infrastructure & Cities Sector. It will become Siemens’ center for meter data management and continue to operate out of San Mateo.
The San Mateo firm has the most large-scale deployments in the industry and strategic partnerships with companies such as IBM and SAP, Siemens says. It noted eMeter’s EnergyIP platform as a key factor behind the acquisition.
In August, it emerged that Siemens Energy was installing EnergyIP for Midwest-based WPPI Energy and its member utilities.
Siemens configured, delivered and supported the project implementation at WPPI’s Sun Prairie, Wisc., facility.
Siemens also announced this week a contract extension with Proctor & Gamble that gives the multinational consumer goods company access to product lifecycle software from Siemens subsidiaries.
The contract extends P&G’s access to Siemens PLM Software – a program the consumer goods company has been using since the 1980s – and to Comos, Siemens’ plant engineering lifecycle software.