Smart-grid vendor Sensus (Raleigh, US) has taken a 15% stake in CAS Tecnologia, one of the largest smart-grid companies in Brazil.
The move will give Sensus exposure to the massive Brazilian market as well as the right to distribute Hermera, CAS Tecnologia’s utility data management platform, around the world.
“This is the latest step in our strategic growth initiative, which is to accelerate our presence in targeted markets, expand our offerings in the smart water network and smart grid markets and accelerate the adoption of our core technologies in one of the fastest growing economies in the world,” said José António Hernandez, Sensus executive vice president. “Given that CAS is the region’s leader for smart grid, AMI and distribution automation technology and that our products are highly complementary, we see tremendous opportunities for both Sensus and CAS in the Americas and worldwide.”
CAS Tecnologia operates throughout Brazil and has worked with 16 of the country’s top 26 power distribution companies. The partnership with Sensus will help it expand into the fast-growing market for electric and water utility meters. Sensus has been very active in smart-meter deployments in the US and was reported to have installed some 19 million meters by the end of the first quarter.
“Without question, our partnership with Sensus puts us in a unique position to take advantage of quickly developing smart grid and smart water opportunities worldwide,” said Welson Jacometti, president of CAS. “We foresee great potential in markets where Sensus is an established utility solutions leader. Our partnership—by offering communications, metering technologies and business analytics—will improve operational and distribution efficiency for our valued utility customers around the world.”