Siemens is acquiring eMeter Corporation, headquartered in San Mateo, California for an undisclosed sum. The deal is expected to close by the end of this year.
eMeter will be part of the Smart Grid Division of the Siemens Infrastructure & Cities Sector, which is housed within Siemens in the United States. eMeter will become a global business segment and center of competence for Meter Data Management (MDM), and will continue to operate from its San Mateo headquarters as part of the Smart Grid Division.
J.P. Morgan served as financial advisor to eMeter in connection with this transaction.