Itron, Inc. and Deutsche Telekom have announced that they have signed an agreement to collaborate on delivering smart metering solutions to target markets in Europe.

Under this agreement, the two companies will use Itron’s smart meter solutions, Deutsche Telekom’s M2M capabilities, Information and Communication Technology solutions and Intelligent Networks Energy solution offering to bring a comprehensive solution and service offering to European markets.

Itron will embed Deutsche Telekom’s SIM cards in its GPRS meters, which will enable the company to provide a complete solution and service offering in more markets, building off of Deutsche Telekom’s communication network.

Furthermore, both parties agree to cooperate for purposes of creating as well as responding to joint business opportunities in the area of smart energy (smart metering, smart grid, and smart home) in European markets. Joint business development approaches and necessary technological alignment of the energy management portfolios between the parties ensure the most robust solutions for utilities.