Landis+Gyr starts operating 660,000 electricity smart metering points for Caruna Oy

Global energy management leader takes over Caruna's AMI operations in Finland in region's largest Managed Services contract to date

ZUG, Switzerland, Sept. 12, 2018 /PRNewswire/ -- Landis+Gyr (SWISS: LAND.SW) has launched a comprehensive "Metering as a Service" solution to operate all of Caruna Oy's 660,000 smart metering points. Having been awarded an AMI service contract for Finland's largest DSO last year, the takeover of the Caruna infrastructure by Landis+Gyr's managed services program has successfully proceeded into the go-live phase. The service includes full smart metering operative responsibility for a duration of six years and an optional extension for an additional three years.

Landis+Gyr now collects and manages hourly consumption and power quality readings from 660,000 residential meters and feeds the data into Caruna's billing system. Through Landis+Gyr's service platform, more than 17 million validated metering values will be provided to Caruna and its customers every day. The scope of service also covers management of device infrastructure and data communications, as well as activation of field work operations. The integrated platform allows a variety of functionalities, including Caruna's management of demand-readings, power connection and disconnection, and meter status queries from their internal systems.

Ralph Griewing, Senior Vice President of the Business Unit Energy Solutions in the EMEA region said: "Landis+Gyr has been a leading AMI service provider in Finland since 2002 and is proud to work with Caruna, a pioneer in smart meter deployment. With more than 15 million metering points under service contracts worldwide, we are delighted to extend our footprint in the service business and take over the daily operation of Caruna's AMI solution."

Katriina Kalavainen, Head of Customer Relations at Caruna added: "We were looking for a transparent, cost-efficient solution from an experienced partner. Landis+Gyr was able to take over the service operations smoothly and according to plan without any interruptions in our operations or customer service. After this successful start, we look forward to our collaboration and partnership in the coming years."

About Landis+Gyr Landis+Gyr is the leading global provider of integrated energy management solutions for the utility sector. Offering one of the broadest portfolios of products and services to address complex industry challenges, the company delivers comprehensive solutions for the foundation of a smarter grid, including smart metering, distribution network sensing and automation tools, load control, analytics and energy storage. Landis+Gyr operates in over 30 countries across five continents. With sales of approximately USD 1.7 billion, the company employs c. 6,000 people with the sole mission of helping the world manage energy better. More information is available at www.landisgyr.eu [http://www.landisgyr.eu/]

CONTACT: Johannes Hackstette, Communications & PR Manager EMEA, Landis+Gyr, Johannes.Hackstette@landisgyr.com, +49 911 723 8707

Web site: http://www.landisgyr.eu/

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