Capgemini has joined forces with Swedish energy company Fortum Distribution to manage its smart metre provisions, in a deal worth €94m.

The ten year contract includes management of Fortum’s existing portfolio of 860,000 smart meters in Sweden, and will provide regular and scheduled meter reading, field services, service desk, management reporting, data centre hosting and application management.

Capgemini will also be responsible for managing subcontractors, such as telecommunications, software providers, meter manufacturers and field service providers in the deal, which will operate globally from countries including Sweden, Poland, India and Finland.

Peter Harris, VP and European leader of Capgemini’s Smart Energy Services said this was a deal of the utmost significance for Capgemini.

"Not only is Fortum an ambitious company, with aspirations to be a leader in the smart energy sector, the Nordic region is also leading Europe in this space with smart meters already deployed in every household in Sweden, and Finland and Norway close behind.

"We welcome the opportunity to harness the strength and collective expertise of our newly formed dedicated Smart Energy Services practice to help the company achieve its goals,” he added.