Elgama Elektronika

What Elgama Elektronika does

Elgama-Elektronika is a privately held Lithuanian electrical equipment manufacturer founded in 1992 and headquartered in Vilnius, with an engineering design branch in Kaunas and a newly established German subsidiary (EGM Innovations Germany GmbH, 2025) in Berlin. The company designs, develops, and produces a portfolio of more than 200 modifications of smart electricity meters spanning single-phase residential meters (GAMA 100, G15/GAMA150), three-phase commercial and industrial meters (G35/GAMA350, G35 CT, G3GCT, GAMA 300), and Germany-specific FNN-basic meters (GAMA FNN EGM.eHZ, EGM.3HZ). Underlying technology is based on DLMS/COSEM protocol with G3 PLC and PRIME PLC communication modules, AES-128 GCM security, and an in-house DC24 PLC data concentrator that exposes a REST API per OpenAPI V3.0.0 for Head End System and MDM integration.

The business operates a sales-led B2B model primarily through regional representatives and wholly owned subsidiaries in Germany, Lithuania (UAB NAVITUS LT), Poland, Czech Republic, and Ukraine, exporting to more than 25 countries. Revenue is generated through hardware sales of metering products, an Electronics Manufacturing Services (EMS) line launched in 2018 for prototype-to-large-scale contract manufacturing, and customized software and AMI integration services. Production runs at a 4,400 m² facility with stated annual capacity exceeding 1.2 million meters.

Elgama serves energy sector utilities, industrial and commercial consumers, and EMS customers. Customer-specific pricing is not publicly disclosed. The company holds ISO 9001, 14001, 27001, 45001, 22301, and EN ISO/IEC 17025 certifications, MID approval for the European market, and country-specific metrology approvals including Slovak Legal Metrology and Peruvian INACAL certification. Leadership comprises CEO Martynas Cereska, with no other executive identities disclosed in the available material.

Name

Elgama Elektronika

Legal name

UAB "Elgama-Elektronika"

Website

https://elgama.eu

Company type

Private

Founded year

1992

Operating status

Operating

Headcount range

51–100 employees

Short description

Elgama-Elektronika is a Lithuanian manufacturer founded in 1992 that designs, develops, and produces smart electricity meters and AMI infrastructure for utilities, industrial, and residential customers across more than 25 countries, with a 1.2 million-unit annual production capacity.

Ownership category

akta.pro rank

Product category

Smart Electricity Meters

NAICS

Instrument Manufacturing for Measuring and Testing Electricity and Electrical Signals (334515), Electrical Equipment, Appliance, and Component Manufacturing (335), Navigational, Measuring, Electromedical, and Control Instruments Manufacturing (33451), Electrical Equipment Manufacturing (33531)

SIC

Electronic & Other Electrical Equipment (No Computer Equip) (3600), Instruments For Meas & Testing Of Electricity & Elec Signals (3825), Industrial Instruments For Measurement, Display, And Control (3823)

akta.pro primary industry

AMI Smart Meters (Electric) & Meter Hardware (EUADAFAA)

akta.pro secondary industries

Standards, Interoperability & Certification (DLMS/COSEM, ANSI C12, IEEE 2030.5) (EUADAFAO), Renewable Monitoring, Controls & SCADA Hardware Manufacturing (Sensors, RTUs, Meters) (EUAMAHAJ)

Keywords

• Smart electricity meters
• Metering infrastructure
• Power quality monitoring
• Electronics manufacturing services
• Automated metering systems

Headquarters

HQ city

Vilnius

HQ country

Lithuania

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Supply Chain, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Smart Electricity Meters: Design and manufacture of multifunctional smart electricity meters sold to energy sector companies, utilities, and industrial consumers. Products include single-phase meters (GAMA100, G15/GAMA150), three-phase meters (G35/GAMA350, G3GCT), and German market meters (GAMA FNN EGM.eHZ, GAMA FNN EGM.3HZ).
2. Electronics Manufacturing Services (EMS): EMS division manufactures fully assembled electronic circuit boards to complete end products for customers. Services include prototyping, industrialization, material analyzing, and test development. Production ranges from single/prototype units to medium and large-scale production.
3. Automated Metering Systems: Implementation of automated metering infrastructure (AMI) for reading, collecting and processing electricity data. Includes data concentrators (DC24) and integration solutions.
4. Specialized Software and Integration Solutions: Customized software and integration technologies to meet specific customer needs and energy market requirements.

Go-to-market motion1 record

Distribution channels6 records

Marketing channels4 records

Core offering

Elgama-Elektronika designs, develops, and manufactures a portfolio of smart electricity meters (single-phase, three-phase, and transformer-connected) together with PLC data concentrators and automated metering infrastructure (AMI) solutions for utilities, energy companies, and industrial consumers. The company also operates an Electronics Manufacturing Services (EMS) division providing prototype to large-scale PCB and end-product assembly.

Product overview

Elgama-Elektronika offers a comprehensive portfolio of smart electricity metering solutions centered around their GAMA series meters and DC24 data concentrator. The product line includes single-phase meters (G15/GAMA150, GAMA 100) for residential applications and three-phase meters (G35/GAMA350, G35 CT, G3GCT, GAMA 300) for commercial, industrial, and utility-grade metering. Their flagship DC24 data concentrator integrates with smart meters via G3/PRIME PLC protocols and transmits data to MDM systems via REST API. The company also offers Germany-specific products (GAMA FNN EGM.eHZ, GAMA FNN EGM.3HZ) designed for plug-in and DIN rail mounting with FNN specifications compliance. Beyond meters, Elgama provides Electronics Manufacturing Services (EMS) including prototype development, industrialization, and large-scale production. The portfolio operates as a unified smart metering ecosystem where meters communicate via DLMS/COSEM protocol and PLC modules (G3PLC/Prime), with data aggregation through the DC24 concentrator for utility management systems.

Differentiator

Problem solved

Functional benefit

Products and services

• DC24 Data Concentrator PLC data concentrator designed to collect data from smart electricity meters via G3 or PRIME PLC communication channel and transmit data to the MDM using REST API per OpenAPI V3.0.0. For utilities and energy companies deploying AMI.
• G15 (GAMA150) Single-Phase Smart Meter Single-phase smart electricity meter for residential and small commercial consumers. Supports DLMS/COSEM, multi-tariff operation, load profile recording, event log, and maximum demand registration.
• G35 (GAMA350) Three-Phase Smart Meter Direct-connected three-phase smart electricity meter for commercial and industrial consumers. Operates with maintained accuracy even when the neutral conductor is disconnected.
• G35 CT (GAMA350 CT) Current Transformer Smart Meter Current-transformer-connected three-phase smart meter for higher-current commercial and industrial applications.
• G3GCT Transformer-Connected Meter High-precision transformer-connected electricity meter for commercial and industrial consumers with class 0.5s accuracy and EN 61000-4-30 Class B power quality monitoring.
• GAMA 100 Single-Phase Meter Static single-phase direct-connection electricity meter for residential metering with bidirectional active and four-quadrant reactive energy measurement and multiple tariff modes.
• GAMA 300 Three-Phase Meter Three-phase static electricity meter for active and reactive energy in 3-phase 4-wire or 3-wire networks, available in direct and transformer-connected variants for utilities and commercial customers.
• GAMA FNN EGM.eHZ (German FNN Basic Meter) FNN-specification basic electricity meter for the German market with plug-in mounting, SML/COSEM LMN interface, TLS encryption per BSI TR 03116-3, and SMGW connectivity.
• GAMA FNN EGM.3HZ (German Three-Point Mounting Meter) FNN-specification basic electricity meter for the German market with three-point mounting system, available in 60A and 100A ratings with optional four-quadrant measurement.
• Electronics Manufacturing Services (EMS) Contract electronics manufacturing services for external customers, covering prototype to large-scale production of assembled circuit boards and complete end products, including industrialization, material analysis, and test development.

Quantifiable outcome

• Products exported to more than 25 countries
• +3 more outcomes

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Six partnerships are on record, tiered core and regional.

• ESMETRICcoreTechnology or IntegrationTechnology partner providing DLMS/COSEM protocol standards for smart metering interoperability.
• DLMS User AssociationcoreTechnology or IntegrationStandards organization for device language message specification (DLMS/COSEM) protocol used in smart metering.
• G3 PLC AlliancecoreTechnology or IntegrationPartner for G3-PLC Power Line Communication technology, a key communication standard in Elgama's smart meters.
• PRIME AlliancecoreTechnology or IntegrationPartner for PRIME Power Line Communication technology, another key communication standard integrated into Elgama's products.
• Peruvian National Institute for Quality and Metrology (INACAL)regionalOthersGovernment certification body that certified Elgama's GAMA 300 G3G meter for the Peruvian market, expanding sales geography to Latin America.
• MD EGM Innovations Germany GmbHregionalChannel Partner/ Reseller/ DistributorGerman subsidiary established in 2025 to expand export of smart electricity metering solutions to Europe.

Scale indicators6 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Sagemcom: France-headquartered provider of smart meters (residential and industrial) and associated AMI solutions to European utilities. Comparable in targeting DLMS/COSEM-based deployments and in serving multi-million-unit European rollouts.
• EDMI (Osaki Electric): Singapore-headquartered smart meter manufacturer (subsidiary of Japan's Osaki Electric) selling DLMS/COSEM-based AMI hardware into Asia-Pacific, Middle East, and selected European markets. Comparable on protocol stack and B2B utility go-to-market.
• Iskraemeco: Slovenia-based smart electricity meter manufacturer of similar scale to Elgama, serving European utilities with AMI hardware and head-end systems. Closely comparable on product range, customer base (DSOs and utilities), and European regulatory footprint.
• ZIV Automation: Spanish manufacturer of smart electricity meters and grid automation equipment with a strong Iberian and Latin American utility customer base. Comparable on three-phase meter portfolio and AMI integration capabilities.

Broad incumbents

• Landis+Gyr: Global leader in smart metering and grid management, offering meters plus full AMI/head-end software and services. Competes head-to-head with Elgama in European utility tenders but at materially greater scale and with bundled offerings.
• Aclara (Hubbell): North American-focused AMI solutions provider (owned by Hubbell) offering electric, gas, and water metering infrastructure to utilities. Overlaps with Elgama on smart electricity metering hardware but serves a different primary geography.
• Itron: Global metering, AMI, and smart infrastructure vendor with deep utility relationships in North America and Europe. Competes with Elgama on three-phase and transformer-connected meters and increasingly on AMI platforms.
• Siemens Smart Infrastructure: Diversified industrial conglomerate whose Smart Infrastructure division supplies smart meters, grid software, and energy management to large European utilities. Competes indirectly as a bundled, higher-scale alternative.

Regional players

• Wasion Group: China-based manufacturer of smart electricity meters and AMI systems with strong domestic and emerging-market presence. Comparable on hardware portfolio but primarily operates outside Elgama's core European footprint.
• Hexing Electrical: Chinese smart meter and AMI manufacturer exporting to emerging markets across Asia, Africa, and Latin America. Comparable on product category and emerging-market go-to-market, but not a direct competitor in Europe.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/elgama-elektronika

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Elgama Elektronika