Landis+Gyr, Itron, and Siemens Secure Major Smart Meter Contracts Across Three Continents in 2025-2026

Landis+Gyr, Itron, and Siemens Secure Major Smart Meter Contracts Across Three Continents in 2025–2026

Summary: Global metering giants Landis+Gyr, Itron, and Siemens have collectively secured over $500 million in smart meter contracts spanning Europe, India, and Australia, signaling accelerating AMI deployment worldwide.

The global electricity meter industry has witnessed an extraordinary wave of major contract awards and strategic partnerships throughout 2025 and into 2026. Leading vendors including Landis+Gyr, Itron, Siemens, and Schneider Electric have collectively secured contracts exceeding $500 million, underscoring the accelerating pace of advanced metering infrastructure (AMI) deployment across multiple continents.

Landis+Gyr: Triple Win Across Europe, India, and Australia

Landis+Gyr (SIX: LAND) emerged as the most active vendor, securing three landmark contracts within a six-month span:

The Naturgy deal marks one of Europe's largest NB-IoT meter deployments, leveraging cellular connectivity to bypass traditional PLC limitations. Meanwhile, the India contract targets two of the country's most populous states under the RDSS scheme, which aims to install 250 million prepaid smart meters nationwide. The Origin Energy partnership extends Landis+Gyr's footprint into the Australian gas metering market, demonstrating cross-utility diversification.

Itron: Enedis Managed-Service Mega-Deal and GridKey Acquisition

Itron secured a five-year, $120 million managed-service agreement with Enedis, France's largest distribution utility, to manage Temetra analytics for 38 million Linky meters. This deal represents a strategic pivot from hardware sales toward recurring software and service revenue. Additionally, Itron completed the acquisition of GridKey for $45 million in December 2025, bolstering its grid-edge intelligence portfolio.

Siemens: Strategic Partnerships with State Grid and Wasion

Siemens AG strengthened its metering position through two key partnerships. In December 2025, Siemens announced a collaboration with State Grid Corporation of China to develop advanced smart metering solutions aimed at enhancing grid reliability. In August 2026, Siemens signed a meter hardware supply agreement with Wasion Group in Changsha, China, combining Siemens' global reach with Wasion's manufacturing scale.

Schneider Electric–Landis+Gyr Strategic Alliance

In March 2025, Schneider Electric announced a strategic partnership with Landis+Gyr to deliver combined end-to-end AMI solutions, integrating Schneider's EcoStruxure Grid software suite with Landis+Gyr's metering hardware and network infrastructure. This alliance positions the two companies to compete more effectively against integrated offerings from Siemens and Honeywell.

Key Takeaways

Source: Landis+Gyr Newsroom (landisgyr.com); PRNewswire; Mordor Intelligence Europe Smart Meter Market Report 2026; Barchart Press Releases; WiseGuy Reports.