Landis+Gyr to supply up to 2 million SMETS2 meters to Calvin Capital

Deal Analysis

Landis+Gyr's agreement to supply up to 2 million SMETS2 smart meters to Calvin Capital represents a significant development in the UK's smart meter rollout program. This supply agreement, structured under a flexible purchasing mechanism, allows Calvin Capital to acquire a substantial volume of meters from a leading global provider of integrated energy management solutions. While the financial terms remain undisclosed, the sheer scale of the potential meter deployment underscores the ongoing investment in modernizing the UK's energy grid infrastructure. The deal is notable for the large volume of meters involved, indicating a substantial commitment to smart meter deployment. The involvement of Calvin Capital, a key player in the UK's metering asset provision, and Landis+Gyr, a global leader in smart metering technology, further highlights the deal's importance. This agreement likely aims to support the continued expansion of smart meter infrastructure across the UK, contributing to enhanced grid efficiency and consumer energy management capabilities.

Supply of up to 2 million SMETS2 smart meters.
Involves a leading global smart meter provider (Landis+Gyr).
Calvin Capital is a key player in UK metering asset provision.
Flexible purchasing mechanism provides adaptability.

Market Context: The deal takes place within the context of the UK's ongoing smart meter rollout program, which aims to replace traditional meters with smart meters to improve energy efficiency and grid management. The SMETS2 standard ensures interoperability and security for smart meters deployed in the UK.

Source Intelligence

KEY DETAILS

Landis+Gyr will supply in excess of 120,000 SMETS2 smart meters to the UK market. Quote: Landis+Gyr (LAND.SW), a leading supplier of energy management solutions, today announced it has signed an agreement with meter asset provider Smart Choice Metering Ltd , to supply in excess of 120,000 SMETS2 smart meters to the UK market. Smart Choice Metering installs, owns, and manages smart meters for suppliers at commercial and domestic properties across the UK. Quote: Smart Choice Metering installs, owns, and manages smart meters for suppliers at commercial and domestic properties across the UK. The majority of installations covered by the contract will be in residential properties. Quote: The majority of installations covered by the contract will be in residential properties, as the UK continues to accelerate the national deployment, ensuring every home and business has a smart meter by 2025. The UK aims to deploy 53 million smart electricity and gas meters by 2025. Quote: In total, the business has now been mandated to deliver a considerable amount of the of the 53 million smart electricity and gas meters which are expected to be deployed by 2025.

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Location

London – March 04, 2021

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Announcement

London – March 04, 2021

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Signing

London – March 04, 2021 Landis+Gyr (LAND.SW), a leading supplier of energy management solutions, today announced it has signed an agreement with meter asset provider Smart Choice Metering Ltd , to supply in excess of 120,000 SMETS2 smart meters to the UK market.

PARTIES MENTIONED IN SOURCE

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Landis+Gyr seller

"Landis+Gyr (LAND.SW), a leading supplier of energy management solutions, today announced it has signed an agreement with meter asset provider Smart Choice Metering Ltd , to supply in excess of 120,000 SMETS2 smart meters to the UK market."

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Smart Choice Metering Ltd buyer

"Landis+Gyr (LAND.SW), a leading supplier of energy management solutions, today announced it has signed an agreement with meter asset provider Smart Choice Metering Ltd , to supply in excess of 120,000 SMETS2 smart meters to the UK market."

high quality Enriched Feb 19, 2026