Landis+Gyr and Ericsson join forces for smart meter reading in Finland

By GlobeNewswire,  August 14, 2014, 06:00:00 AM EDT


  • Ericsson chosen by Landis+Gyr to deliver smart meter reading as a service for more than 700,000 smart meters in Finland
  • Landis+Gyr partnered with Ericsson to secure evolving service offering for utility customers
  • This nationwide engagement leverages Ericsson's managed services capabilities and strategic focus on the energy sector

Landis+Gyr, the global leader in energy management solutions for utilities, has chosen Ericsson (NASDAQ:ERIC) to provide smart meter reading and related field operations as a service for Landis+Gyr's utility customers in Finland. For Ericsson, this is a breakthrough deal in the Finnish energy sector that underlines the company's commitment to using ICT to meet the needs of the utilities industry.

To date, Landis+Gyr has delivered more than one million smart meters to multiple Finnish energy companies - the equivalent of delivering a smart meter to every third Finnish household in a country with approximately 3.2 million metering points. Ericsson will provide smart meter reading as a service for more than 700,000 of these meters, starting from October 1, 2014. As part of the contract, 13 Landis+Gyr employees based in Jyväskylä, Finland, will join Ericsson from the same date. Landis+Gyr remains responsible for the relationship with its customers.

Ari Tolonen, Managing Director at Landis+Gyr Finland, says: "This cooperation ensures strong expertise and resources for the smart metering services market in Finland. Ericsson has a long track record in delivering managed services, and a strong commitment to business development in the energy sector. Together we will be able to provide Landis+Gyr's utility customers in Finland with an ever-evolving, future-proof services portfolio."

Charlotta Sund, Head of Ericsson's Region Northern Europe and Central Asia, says: "The utility industry is one of the most connected in Finland as there is a smart meter for virtually every home in the country. With our expertise in connectivity and managed services and our strategic focus on the energy sector, we can support Landis+Gyr and its smart meter customers in making the best out of the opportunities that connectivity brings."

Currently, 98 percent of Finland's households are connected to smart meters. This makes the country a leader in Europe in smart residential metering.

The evolution of smart meter solutions and grids is a priority in several countries, including many within the European Union and the US. This process will eventually create smart energy networks that manage a huge amount of data, creating opportunities for efficient grid and consumption management and seamless integration of locally produced renewable energy.

The evolution of the energy infrastructure, from one-way energy grids to communicating smart energy networks, will enable more efficient management of energy resources and empower customers with the ability to control their energy usage far more efficiently.

NOTES TO EDITORS

Press backgrounder: Using ICT to revolutionize the provision of utilities

Download high-resolution photos and broadcast-quality video at www.ericsson.com/press

Ericsson is the driving force behind the Networked Society - a world leader in communications technology and services. Our long-term relationships with every major telecom operator in the world allow people, business and society to fulfill their potential and create a more sustainable future.

Our services, software and infrastructure - especially in mobility, broadband and the cloud- are enabling the telecom industry and other sectors to do better business, increase efficiency, improve the user experience and capture new opportunities.

With more than 110,000 professionals and customers in 180 countries,we combine global scale with technology and services leadership. We support networks that connect more than 2.5 billion subscribers. Forty percent of the world's mobile traffic is carried over Ericsson networks. And our investments in research and development ensure that our solutions - and our customers - stay in front.

Founded in 1876, Ericsson has its headquarters in Stockholm, Sweden. Net sales in 2013 were SEK 227.4 billion (USD 34.9 billion). Ericsson is listed on NASDAQ OMX stock exchange in Stockholm and the NASDAQ in New York.

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FOR FURTHER INFORMATION, PLEASE CONTACT

Ericsson Corporate Communications

Phone: +46 10 719 69 92

E-mail: media.relations@ericsson.com

Ericsson Investor Relations

Phone: +46 10 719 00 00

E-mail: investor.relations@ericsson.com

Landis+Gyr and Ericsson join forces for smart meter reading in Finland

Landis+Gyr smart meter





This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.

The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Ericsson via Globenewswire

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This article appears in: News Headlines

Referenced Stocks: ERIC


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