Indian multi-national business acquires ETH spin-off

Secure Meters signed an agreement to buy Adaptricity AG, a smart grid innovation company based in Zurich. Secure Meters researches, manufactures, and deploys products for measuring and monitoring energy usage and its solutions are available in more than 50 countries.

Adaptricity and Secure Meters complement each other ideally in terms of their products, market presence and innovative spirit. This gives both companies access to new markets and enables grid operators to improve grid planning and monitoring, paving the way for our customers' transformation towards a carbon neutral energy supply. Secure Meters Ltd is a multinational company headquartered in India. Secure’s solutions include consumer gas and electricity smart metering, monitoring, and management systems, heating and cooling controls, and pump and blower efficiency services.

The purpose of Adaptricity is, among other things, the development, sale and licensing of software products for the simulation, optimization, planning and monitoring of power distribution grids as well as providing consulting services in the area of power grid operators. Its innovative grid analytics tools combine traditional grid planning practices with data-driven algorithms to ensure all measurement data available in the power grid (such as smart meter data) is used to the full potential.

Adaptricity’s modular and cloud-based solution platform represents an ideal strategic addition for Secure Meters to its own product portfolio for distribution network operators. Secure Meters plans to invest in the further expansion of the technology and to integrate Adaptricity’s products into its international sales activities. Adaptricity will operate as a 100% subsidiary of the Secure Meters Group.

In a statement on LinkedIn Stephan Koch, Co-Founder and CTO of Adaptricity commented: “We are looking forward to a bright future with millions of data points from Secure Meters and actionable insights from Adaptricity's analytics tools for the world-wide energy transition.

The acquisition agreement was signed by all Adaptricity shareholders including Leoni AG. Leoni had acquired a majority stake of the ETH spin-off in 2017. Leoni has decided to divest its majority stake in Adaptricity as part of pursuing its strategic focus on the wiring systems business.

(Press release / SK)