One item that slipped by in the holiday season is that Capgemini announced its acquisition of Skvader Systems AB at the end of July, giving a boost to its Smart Energy Services Practice and outsourcing business in the Nordic region.
Skvader is a Swedish IT and Business Process Outsourcing (BPO) service provider specialising in smart meter deployment and managed business services. It’s a delivery partner of Landis+Gyr in the contract to install and manage 400,000 meters in Sweden for E.ON, so this business will now be folded into the Capgemini practice.
Capgemini is becoming a force in the Nordic smart meter market. As we reported back in February, the company’s Swedish operation has also taken over a contract worth at least €94m to manage the existing smart meter portfolio of Fortum Distribution AB. The company estimates that over €300m of smart energy service contracts will come to the Nordics over the next three years, which explains its push.
As a part of the deal Capgemini will acquire a Skvader’s software solution to support its managed business services contracts. The software is sold to other Utilities through software-as-a-service (SaaS) contracts and supports one million smart meter deployments.
Skvader is owned by five shareholders, all currently working in the business, with 40 employees overall. The company has been profitable and successful since its inception in 2000 and has committed smart metering contracts for the next three years.
Sounds like a good move and the strategy of focus on a specific geographic market to gain business and experience has a lot going for it. The danger in the rapidly growing and increasingly competitive smart meter market is to spread yourself too thin.