Press release
Elster Group, the world's largest metering company and supplier of high quality integrated metering and utilization solutions, announces that it has acquired Coronis Systems from its management and a group of venture capital shareholders led by Banexi and Axa Private Equity. Coronis Systems is headquartered in Montpellier, France.
Jim McGivern, Elster Group’s CEO, says: “Elster sees the acquisition of Coronis Systems as an additional offering to Elster’s established position as the global market leader in multi-utility metering solutions. Coronis Systems has an excellent radio frequency-based AMI technology (Advanced Meter Infrastructure) that is especially strong in water and gas utility networks. The Wavenis technology augments Elster Integrated Solutions’ (EIS) existing EnergyAxis® AMI solutions and strengthens Elster’s position in the global smart metering market. Elster continues to embrace a broad range of technologies to meet our customer’s needs and to work with partners to provide interoperable and integrated system solutions.“
Laurent Maleysson, Coronis Systems’ Co-Founder and General Manager states: “I am proud that Elster Group sees Coronis Systems and its Wavenis® technology as an important addition to its smart metering infrastructure and two-way communications solutions portfolio. Coronis Systems will continue to pursue its strategy in providing technology to utilities, meter manufacturers and the home automation market and now it has the scale to further develop its position.”
Coronis Systems designs and develops ultra-low-power long-range wireless solutions and platforms for value-added resellers (VARs), original equipment manufacturers (OEMs), and integrators. Since its inception in 2000, Coronis Systems has become the global leader in ultra-low-power consumption wireless communication technology. With more than 1.2 million devices deployed in small, medium, and large-scale wireless mesh networks around the world, Wavenis technology addresses the specific characteristics and needs of today's smart sensor networks. Wavenis technology is used to build innovative products and applications such as:
- Automated meter management and remote data monitoring
- Home Automation, alarm, security, and medical applications
- Industrial automation, telemetry, and traceability applications
- Radio Frequency Identification (RFID) for personal tagging and track and trace systems
The Elster Group’s acquisition of Coronis Systems strengthens its portfolio of standardsbased AMI solutions for utilities. As part of the Elster Group, Coronis Systems will continue to supply and support its current customer base and seek to expand the market and standardization for Wavenis-enabled platforms. Coronis Systems will also reinforce its line of transversal ultra-low-power wireless platforms and solutions, leveraging the Elster Group’s leading market position.
- Ends.
For further information contact:
Silke Kassing
Phone: +49 (0) 6134 605 360
Email: silke.kassing@elster.com
Christophe Dugas
Phone: +33 (0) 467 226 670
Email: christophe.dugas@coronis.com
About Coronis Systems
Based in Montpellier, France, Coronis Systems designs and develops ultra-low-power long-range wireless solutions and platforms for OEMs and integrators. Coronis Systems offers system integrators a complete line of wireless products and development platforms for creating custom devices in many markets. With its proven industrial maturity, Wavenis is surfacing as the ideal ultra-low-power and long-range solution to complement Bluetooth and Wi-Fi technologies. The company has offices in France, North America, and Asia. For more information, visit http://www.coronis.com/.
About Elster Group
Elster Group is the world’s leading manufacturer and supplier of highly accurate, high quality, integrated metering and utilization solutions to the gas, electricity and water industries. In addition, through its subsidiary Ipsen International, it is the leading global manufacturer of high level thermo-chemical treatment equipment.
The group has over 9,000 staff, operations in 38 countries and serves over 115 markets around the world. Elster’s high quality products and systems reflect the wealth of knowledge and experience gained from over 170 years of dedication to measuring precious resources and energy. For more information, visit http://www.elster.com/.
About Elster Integrated Solutions
Elster Integrated Solutions (EIS) based in Raleigh, North Carolina, helps utilities improve their revenue cycle services, customer service, delivery reliability and workforce utilization as well as implement demand response and conservation programs. Elster Integrated Solutions delivers and integrates metering automation solutions for utility customers so that they can better manage their business in the area of gas, electric, and water usage as well as facilitate new end customer programs. Whether it is mobile AMR or AMI, EIS enables business and customer management from metering information. Core to EIS solutions are the use of intelligent mobile and fixed network communications. For more information, visit http://www.elster-eis.com/.