Iskraemeco with a new production line that supports the company’s’ transformation in future smart metering projects
As part of the Elsewedy Electric Group, Iskraemeco managed to successfully transform from a product-oriented business to a smart metering solution provider. Within the ten-years period, the company established itself as the second largest smart metering solutions provider in Europe, Middle East and Africa and has a leading position in Germany and in the Netherlands. To meet rising demand for smart electricity meters, Iskraemeco recently installed a new production line at the company’s headquarters in Kranj.
With the new production line, Iskraemeco will be able to increase its production capacities for the production of smart electricity meters for German customers. The line`s capacity is 520 meters per shift. On an annual basis, Iskraemeco will be able to deliver between 300,000 and 350,000 electricity meters to Germany. The production line was entirely designed and manufactured in Slovenia.
Iskraemeco recorded at 40 percent growth in revenue in 2017. The new production line will enable the company to further grow its business and expand to new markets. In the last few years, new business models based on connectivity of various devices and the exchange of large amounts of data (Internet of Things, E-mobility, Smart Cities) have been coming to the forefront in metering. With extensive investments, which amounted to 6.6 million euros in 2017 and the largest R&D department (in the industry), Iskraemeco is ready to face future challenges and business models in smart metering.
During the official opening ceremony, the President of the Republic of Slovenia, Mr Borut Pahor, visited Iskraemeco premises. Borut Pahor, President of the Republic of Slovenia: "Today, ten years later, we are celebrating your determination, business policy and excellent relationships with employees that you have been able to connect into a successful team. Not only did you overcome the financial crisis, you built a successful business, which has fantastic opportunities for further development. Your business results speak for themselves and are as such an important element of our countries` success."
Dieter Brunner, Chief Executive Officer of the Iskraemeco Group and President of the Board of Directors: "I am very proud that I have been part of this successful story for nine years already. When I first came to the company, it was a traditional, production-oriented company. Today, we offer our customers comprehensive solutions that include software and various support services. I am really looking forward to the next steps that we will be taking in the next couple of years."