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Sagemcom Reinforces its Energy Offer by Acquiring Froschl
PARIS, October 29, 2012 /PRNewswire/ --
Sagemcom, European Leader for Communicating Meters, has Announced its Acquisition of
The Froschl Group, German Leader in Metering Data Management Software, Thursday 25
October.
Thanks to this acquisition, the Sagemcom group, for which energy management is one of
its three major activities via its subsidiary, Sagemcom Energy & Telecom, has enriched its
range and confirmed its aim to become one of the world key players in smart metering
solutions.
(Logo:
http://photos.prnewswire.com/prnh/20121017/568139 )
(Logo:
http://photos.prnewswire.com/prnh/20121029/570837 )
The addition of Froschl's expertise in metering data processing software ideally
completes the current portfolio of Sagemcom and should boost group growth via the
acquisition of new customers. By covering the entire value chain, from communicating
meters to the processing of the data collected, Sagemcom has become one of the rare actors
able to offer a range meeting the future requirements of energy operators.
The Froschl group consists of two companies (ITF, Industrie-Technik Froschl and EDV,
Elektronische Datenverarbeitung), employs 70 and provides support for more than 250
customers throughout the world with services and consultancy teams.
With turnover of almost 1.5 thousand million euros and 4,600 employees throughout the
world, Sagemcom has recorded the highest level of growth on the communicating meter market
(40% in 2011) and is the only supplier able to offer the three most-requested solutions by
the major energy distributors in Europe.
"We are delighted with this acquisition. Froschl's reputed expertise will enable us to
meet all requirements for metering solutions, by offering a complete range and optimised
value to our customers internationally", highlighted Patrick Sevian, Sagemcom CEO.
"I am enthusiastic about the idea that a leading group such as Sagemcom can boost the
international development of my company", declared Wilfried Froschl, Froschl group CEO.
Thanks to this acquisition, the Sagemcom group has reinforced its subsidiary, Sagemcom
Energy & Telecom, at a time when the energy management market is expanding rapidly. This
operation is part of the group's international development strategy, by confirming organic
growth thanks to targeted acquisitions, completing its range and providing access to new
markets.
About Sagemcom
French high-technology group with an international dimension, Sagemcom operates on
markets of broadband (digital home, digital set-top box, broadband and residential
terminals), telecom and energy (telecommunications infrastructure, smartgrid and
metering), and management of documents (printing terminals, software and solutions,
digital production workflow).
With a turnover of about 1.5 billion Euros, Sagemcom employs 4 600 people on five
continents; already a European leader in most of its key markets, Sagemcom aims to become
a world leader in high added value communicating terminals.
Sagemcom is strongly committed to sustainable development through the life cycle of
its products: eco-design, energy consumption, ethical code of all its suppliers.
For more information: http://www.sagemcom.com
250 route de l'Empereur,
92500 Rueil-Malmaison
FRANCE
http://www.sagemcom.com
Photo:
http://photos.prnewswire.com/prnh/20121017/568139
http://photos.prnewswire.com/prnh/20121029/570837
Photo:http://photos.prnewswire.com/prnh/20121017/568139
http://photoarchive.ap.org/
Photo:http://photos.prnewswire.com/prnh/20121029/570837
http://photoarchive.ap.org/
Sagemcom
CONTACT: Media contacts: Aurore Chiquot, Tel. : + 33-1-53-32-11-83, E-mail: aurore.chiquot@linkrp.eu ; Vincent Samuel, Tel. : +33-1-53-32-11-85, E-mail: vincent.samuel@linkrp.eu
Sagemcom Reinforces its Energy Offer by Acquiring Froschl
PARIS, October 29, 2012 /PRNewswire/ --
Sagemcom, European Leader for Communicating Meters, has Announced its Acquisition of
The Froschl Group, German Leader in Metering Data Management Software, Thursday 25
October.
Thanks to this acquisition, the Sagemcom group, for which energy management is one of
its three major activities via its subsidiary, Sagemcom Energy & Telecom, has enriched its
range and confirmed its aim to become one of the world key players in smart metering
solutions.
(Logo:
http://photos.prnewswire.com/prnh/20121017/568139 )
(Logo:
http://photos.prnewswire.com/prnh/20121029/570837 )
The addition of Froschl's expertise in metering data processing software ideally
completes the current portfolio of Sagemcom and should boost group growth via the
acquisition of new customers. By covering the entire value chain, from communicating
meters to the processing of the data collected, Sagemcom has become one of the rare actors
able to offer a range meeting the future requirements of energy operators.
The Froschl group consists of two companies (ITF, Industrie-Technik Froschl and EDV,
Elektronische Datenverarbeitung), employs 70 and provides support for more than 250
customers throughout the world with services and consultancy teams.
With turnover of almost 1.5 thousand million euros and 4,600 employees throughout the
world, Sagemcom has recorded the highest level of growth on the communicating meter market
(40% in 2011) and is the only supplier able to offer the three most-requested solutions by
the major energy distributors in Europe.
"We are delighted with this acquisition. Froschl's reputed expertise will enable us to
meet all requirements for metering solutions, by offering a complete range and optimised
value to our customers internationally", highlighted Patrick Sevian, Sagemcom CEO.
"I am enthusiastic about the idea that a leading group such as Sagemcom can boost the
international development of my company", declared Wilfried Froschl, Froschl group CEO.
Thanks to this acquisition, the Sagemcom group has reinforced its subsidiary, Sagemcom
Energy & Telecom, at a time when the energy management market is expanding rapidly. This
operation is part of the group's international development strategy, by confirming organic
growth thanks to targeted acquisitions, completing its range and providing access to new
markets.
About Sagemcom
French high-technology group with an international dimension, Sagemcom operates on
markets of broadband (digital home, digital set-top box, broadband and residential
terminals), telecom and energy (telecommunications infrastructure, smartgrid and
metering), and management of documents (printing terminals, software and solutions,
digital production workflow).
With a turnover of about 1.5 billion Euros, Sagemcom employs 4 600 people on five
continents; already a European leader in most of its key markets, Sagemcom aims to become
a world leader in high added value communicating terminals.
Sagemcom is strongly committed to sustainable development through the life cycle of
its products: eco-design, energy consumption, ethical code of all its suppliers.
For more information: http://www.sagemcom.com
250 route de l'Empereur,
92500 Rueil-Malmaison
FRANCE
http://www.sagemcom.com
Photo:
http://photos.prnewswire.com/prnh/20121017/568139
http://photos.prnewswire.com/prnh/20121029/570837
Photo:http://photos.prnewswire.com/prnh/20121017/568139
http://photoarchive.ap.org/
Photo:http://photos.prnewswire.com/prnh/20121029/570837
http://photoarchive.ap.org/
Sagemcom
CONTACT: Media contacts: Aurore Chiquot, Tel. : + 33-1-53-32-11-83, E-mail: aurore.chiquot@linkrp.eu ; Vincent Samuel, Tel. : +33-1-53-32-11-85, E-mail: vincent.samuel@linkrp.eu