Telvent GIT S.A. (Madrid, Spain; www.telvent.com) has signed an agreement with DMS Group (Serbia and Montenegro; www.dmsgroup.co.yu) to be the exclusive provider of DMS Group's electric applications, such as its distribution management system, in North America, Latin America, Spain, Portugal, Australia and China.

DMS Group thereby becomes Telvent's exclusive technological partner in the field of electric applications, a strategic sector for the company. DMS Group products will be designed and adjusted to meet the specific requirements of Telvent's electric utility customer base.

Over the next 10 years, both companies will continue to work together on the joint enhancement of their products by strengthening and extending their relationship to manage the development of new solutions and products for the electric business.

Telvent and DMS Group have been working together since the year 2000. Throughout this time, they have collaborated on common management methods for technological developments such as the Tunisia distribution network management project for the company Steg.