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Wasion Group and Siemens work together to jointly expand new fields in smart grid

Wasion Group is a leading energy measurement equipment and integrated solutions supplier in China, with the products including smart meters, water meters, gas meters, heat meters and relevant data collection terminals and energy measurement and management systems. Leading products of the Group occupy an important share in the domestic market, with the products exported to more than 10 countries in the world.

Siemens is a global leader in the field of electrical and electronic engineering, ranked consistently within top 50 of the Fortune 500 companies, with the main business concentrated in the industry, energy, healthcare, infrastructure and urban, these four business areas. It has had 165 years of history, and has been in China for 140 years, with the quality of its products widely recognized by users.

Since May 2010, Wasion signed a strategic cooperation framework agreement with Siemens; and late in December 2011, the two sides signed a supply agreement for meter hardware products, to provide a basis for the setting-up of a joint venture to be established by the two sides. On September 13, 2012, the two sides officially signed a joint venture contract, to carry out in-depth cooperation in Chinese and global smart grid market and energy measurement and energy efficiency management.

Shiwei Smart Metering System Services (Changsha ) Co., Ltd. is the first joint venture of Siemens in the field of smart grid established in China and Asia. The company provides customers with innovative meter data management software solutions and high-value-added operation services, to help customers improve operational efficiency. Wasion and Siemens will provide the joint venture with proprietary technology and management experience in meter data management software solutions; while Wasion also provides the joint venture company with technical supports in international market development and electricity meters, gas meters, water meters and heat meters manufacturing. The joint venture focuses its meter data management software solutions and operational services on the Chinese market, and also tries to expand into international markets outside of China.

Siemens and WASION work together to establish a strategic partnership to enter the Chinese smart grid project