Udaipur-based Secure Meters a solutions provider for revenue management, power quality and energy efficiency has acquired 100 per cent stake in Adaptricity AG, a Switzerland-based premium provider of smart grid solutions, both the companies said on Thursday.
Adaptricity, a unit of €4-billion German multinational Leoni AG, manufactures wires and wire systems and the German firm has decided to divest its holding to focus on its core businesses.
Secure Meters’ products and services include meter, monitor, manage and reduce the use of energy from generation to consumption and their solutions include grid metering, consumer gas and electricity smart metering systems, pump and blower efficiency services, consumer products and services for electric and gas consumption.
