Tuesday, 1 September 2009

Siemens acquires Energy4U

Siemens IT Solutions and Services (SIS) is acquiring a 60% stake in Energy4U, a company that specialises in providing consulting and implementation services for SAP-based customer information and billing systems for utility companies. The deal, which is subject to final approval by the German antitrust authorities, should be effective from October 1st.

The acquisition will expand Siemens' intelligent metering and billing (meter-to-bill) solution and services portfolio for utilities. The partnership gives the companies a leading market presence in German, with plans for further growth in other parts of Europe.

Energy4U is quite a small company, founded in 2000 and with 90 employees, but is one of Germany’s leading SAP service providers in this market segment, focusing on the needs of deregulated energy markets. Siemens SIS offers utility solutions across the value chain, from energy generation through to metering and billing. The company is also stepping up its focus on smart grids and already has a portfolio of IT services, including solutions for Enterprise Asset Management and for sales and service processes – in addition to outsourcing. Apparently Siemens environmental portfolio, which includes smart grids, generated sales of just under 19 billion euros in 2008, around a quarter of total company sales and, the company claims, makes Siemens the world’s largest infrastructure provider in environmental technology.

Siemens is certainly in a very strong position in this market, given its existing energy businesses around power generation and distribution and its separate IT services capability. I would expect to see further acquisitions in the coming years as the company looks to consolidate around this market.

© The Green IT Review

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