co.met

What co.met does

co.met GmbH is a German municipal IT company founded in 2001 and headquartered in Saarbrücken, wholly owned by Stadtwerke Saarbrücken GmbH. The company specializes in IoT and SaaS-based solutions for the energy and metering sector, serving approximately 700 municipal utilities (Stadtwerke) and energy suppliers across Germany. Its product portfolio centers on a proprietary Smart Energy Network (SEN) platform that spans the full smart metering lifecycle, including certified EMT/GWA (Energiemarktdienstleister / Gateway Administration) services for §14a EnWG and MsbG regulatory compliance.

The core product suite comprises co.read (cloud-based meter reading management supporting electricity, gas, water, and district heating via card, SMS, WhatsApp, walk-by/drive-by, and LoRaWAN methods), co.mobile (multi-tenant cloud workforce management with route optimization, mobile app, and SAP S/4HANA integration), and the co.grid family (retrofit grid state monitoring for transformer stations, cable distribution cabinets, mobile measurement campaigns, and legacy Modbus integration with Power Quality measurement). Supporting infrastructure includes SEN.connect (SIM card management via Telefónica's M2M platform), PROGRES IoT platform, own LoRaWAN network in Saarbrücken, and the mySmartShop B2B e-commerce platform for hardware procurement. The company operates an ISO 27001 certified data center within the Stadtwerke Saarbrücken group.

co.met generates revenue through five streams: SaaS subscriptions for its software platforms, recurring managed services for Smart Meter Gateway administration (EMT/GWA), hardware sales through mysmartshop.de, professional services and training (co.llege), and usage-based remote reading (ZFA/Zählerfernauslesung). GTM is primarily sales-led with three regional offices (Saarbrücken, Munich, Sinsheim), supplemented by a channel partner network (epilot, BTC AG, endica, iS Software, ENGIE), major industry trade shows (E-world energy, KommDigitale, ZVEI Metering Days), free web seminars, and trade press thought leadership. Pricing is not publicly disclosed; specific deployments appear quote-based. The company has maintained 11 consecutive years of CrefoZert creditworthiness certification and is a member of BEMD e.V.

Name

co.met

Legal name

co.met GmbH

Website

https://co-met.info

Company type

Private

Founded year

2001

Operating status

Operating

Headcount range

51–100 employees

Short description

co.met GmbH is a German municipal IT company providing IoT and SaaS-based metering, workforce management, and grid monitoring solutions to approximately 700 municipal utilities and energy suppliers across Germany, operating as a wholly-owned subsidiary of Stadtwerke Saarbrücken.

Ownership category

akta.pro rank

Product category

Smart Metering and Energy Data Management Software

NAICS

Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (51821)

SIC

Electric & Other Services Combined (4931)

akta.pro primary industry

Utility-Integrated Distributed Energy Resources (DER) & Non-Wires Alternatives (EUACALAF)

Keywords

• Smart metering software
• Energy data management
• Workforce management systems
• Grid state monitoring
• LoRaWAN IoT services

Headquarters

HQ city

Saarbrücken

HQ country

Germany

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. SaaS / Software Subscriptions: co.met generates recurring revenue from cloud-based SaaS solutions including co.read (meter reading management), co.mobile (workforce management), Smart Energy Network (SEN) platform, and IoT/LoRaWAN services. Customers (municipal utilities, energy suppliers) pay subscription or license fees for access to these platforms.
2. Smart Meter Gateway Administration Services (EMT/GWA): As a certified EMT (Energiemarktdienstleister), co.met provides gateway administration services including SMGW certification, SIM card management (SEN.connect), and BPO services for Smart Meter rollout operations. Revenue is recurring per managed gateway/device.
3. Hardware Sales: Sale of metering hardware, components, and IoT equipment through the mysmartshop.de B2B e-commerce platform (b2b.mysmartshop.de) and mysmartshop.de retail portal. Product categories include LoRaWAN components, sensors, smart measurement and antenna technology, routers, and smartphones.
4. Professional Services & Consulting: co.college Services provide workshops, training, and consulting for Smart Meter rollout, communication, and process optimization. Also includes white-label customer communication modules and individualized marketing materials for utility end-consumer notification.
5. Remote Reading / Metering Services: ZFA (Zählerfernauslesung) services for remote meter reading, supporting all supply types (electricity, gas, water, district heating). Revenue is based on per-reading or per-campaign fees.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels8 records

Core offering

co.met GmbH provides SaaS-based metering, energy data management, and IoT solutions for German municipal utilities and energy suppliers. Its core offerings include the co.read cloud meter reading platform (multi-utility, multi-channel), the co.mobile workforce management system with mobile app, and the co.grid product family for grid state monitoring and §14a EnWG compliance, all delivered from an ISO 27001 certified data center.

Product overview

co.met GmbH offers a modular SaaS platform for energy metering and smart grid management, comprising core products for meter reading (co.read), workforce management (co.mobile), and network status monitoring (co.grid product family). The co.read solution handles meter reading across all utilities via multiple methods (card, SMS, WhatsApp, walk-by/drive-by, LoRaWAN). co.mobile provides cloud-based workforce management with routing, scheduling, and mobile apps. The co.grid product line enables grid status monitoring in transformer stations (co.grid), cable cabinets (co.grid compact), mobile campaigns (co.grid flex), and legacy equipment integration (co.grid Bridge), with Power Quality measurement (DEHNrecord SD) and TAFx for high-frequency measurements. Supporting infrastructure includes the Smart Energy Network (SEN) platform for smart meter rollout, PROGRES IoT platform for smart city applications, SEN.connect for SIM card management, and LoRaWAN services. Additional offerings include co.llege-Services for consulting/training, EnWG/MsbG compliance services, and the mySmartShop online store for hardware procurement. The company operates an ISO 27001 certified data center.

Differentiator

Problem solved

Functional benefit

Brands

• co.read: Cloud-based reading management solution for meter data collection including customer self-reading, walk-by/drive-by reading, and digital channels (SMS, WhatsApp)
• co.mobile
• co.grid
• co.grid compact
• co.grid flex
• co.line
• SEN.connect
• mySmartShop
• mySmartCity
• PROGRES IoT
• co.college

Products and services

• co.read Cloud-based meter reading management solution combining card-based self-reading, SMS, WhatsApp, walk-by/drive-by, LoRaWAN, and wM-Bus/OMS reading methods. Supports all utilities (electricity, gas, water, district heating) for municipal utilities, energy suppliers, and metering service providers.
• co.mobile
• co.grid
• co.grid compact
• co.grid flex Mobile solution for temporary measurement campaigns, enabling flexible, short-term data acquisition for grid monitoring without permanent installation.
• co.grid Bridge Connectivity module that integrates existing measurement equipment via Modbus TCP or RTU protocols, enabling legacy measurement hardware to participate in the co.grid monitoring ecosystem.
• Smart Energy Network (SEN) Comprehensive SaaS platform for the entire smart metering lifecycle, combining SaaS software and system platform for EMT and GWA applications with BPO services for Smart Meter Gateway administration. Includes Gateway Administration, Gateway Administration Services, and SIM card management.
• SEN.connect SIM card management package for Smart Meter Gateway communication, including Global SIMCards (network-agnostic), an M2M web portal (Telefónica-powered), and complete rollout and operations services.
• PROGRES IoT Platform IoT data and visualization platform enabling diverse smart city applications on a LoRaWAN basis, including street lighting, air quality, and network monitoring.
• LoRaWAN Services LoRaWAN-based IoT services including network infrastructure (operated in Saarbrücken), sensor integration, antenna and network technology, and remote reading solutions for smart city and metering applications.
• co.college Services Workshop and consulting services for Smart Meter rollout, communication, and process optimization, including training programs and white-label customer communication modules for utility end-consumer notification.
• EnWG & MsbG Services Regulatory compliance services for the Energy Industry Act (EnWG) and Metering Point Operation Act (MsbG), including §14a EnWG grid monitoring, EMT/GWA gateway administration, and CLS management.
• mySmartShop (mysmartshop.de) B2B Shop
• SAP S/4HANA Integration Layer for Workforce Management

Quantifiable outcome

• Approx. 400 companies using co.read by 2018, growing to ~700 customers across all products
• +3 more outcomes

Named customers7 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

Feature9 records

Partnerships

Six partnerships are on record, tiered core and minor.

• BTC AGcoreTechnology or Integration · 15 September 2025BTC AG's CLS (Controllable Local Systems) Management solution was selected by co.met following a competitive tender process. BTC AG, as a Gold SAP Partner, provides SAP-integrated CLS management that complements co.met's existing smart metering system landscape. The solution enables network-oriented control per §14a EnWG.
• SAP (via Integration Layer)coreTechnology or Integration · 1 September 2025co.met provides SAP S/4HANA Utilities customers with a ready-to-use integration layer for co.mobile workforce management and SAP billing systems. This includes implementation, operation, and maintenance of the SAP-based integration — delivered as a turnkey solution.
• epilotcoreGTM or Marketing Partner · 5 December 2024co.met and epilot announced a strategic partnership to leverage synergies. Through the partnership, co.mobile is directly integrated into the epilot platform, enabling seamless digital field service workflows from customer request through to field documentation. First joint projects demonstrate reduced time, fewer error sources, and increased customer satisfaction. epilot hosted the 'epilot & friends' event at E-world 2026 (Hall 3, Stand 3C102).
• iS Software GmbHminorImplementation/ SI/ Consulting Partner · 6 July 2021co.met and iS Software GmbH (Regensburg) conduct joint workshops on Smart Meter Rollout, combining co.met's metering data expertise with iS Software's IT systems integration capabilities for municipal utilities.
• ENGIE DeutschlandminorStrategic or Co-development Partner · 26 April 2021ENGIE Deutschland and co.met extended their successful collaboration to include intelligent street lighting. The joint pilot project at Saarbrücken's Saarpromenade installed 21 LED streetlights with sensors and antennas communicating over co.met's LoRaWAN network, integrated with a modern light management system. The project demonstrated Smart City capabilities in municipal infrastructure.
• TelefónicacoreTechnology or Integration · 1 April 2018co.met partnered with Telefónica for SEN.connect, a comprehensive SIM card management solution for Smart Meter Gateway communication. Telefónica provides Global SIMCards that auto-connect to available mobile networks and an M2M web portal for SIM management. In the UK alone, this platform manages data communication for approximately 28 million meters.

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• SIV AG: German IT company providing software solutions and services for utilities, energy suppliers, and metering operators. Direct competitor in the German municipal utility IT space, with similar focus on smart meter rollout, energy data management, and grid operator solutions.
• Schleupen AG: German IT company offering software solutions for energy suppliers, municipal utilities, and metering service providers. Competes directly with co.met in the German utility IT market, particularly in billing, metering, and energy data management.
• Wilken Software Group: German software company providing ERP and industry solutions for utilities, waste management, and housing industries. Competes with co.met in the German municipal utility software market with comprehensive billing and energy data management solutions.
• KISTERS AG: German software provider specializing in energy, water, and environmental data management solutions. Direct competitor in smart metering, grid monitoring, and energy data management for utilities and metering service providers.
• Robotron Datenbank-Software GmbH: German software provider specializing in energy and metering solutions for utilities, with strong presence in smart meter gateway administration and energy data management. Direct competitor serving the same German municipal utility customer base.

Broad incumbents

• Landis+Gyr: Global leader in smart metering and grid management solutions, operating across the full energy value chain. While much larger, Landis+Gyr competes in the same German smart meter rollout and grid monitoring space, offering integrated hardware-software solutions.
• Siemens Smart Infrastructure: Global technology company with comprehensive smart grid, metering, and energy management solutions. Competes in the German market with broader portfolio and significantly greater resources than co.met's focused municipal utility offering.

Others

• epilot GmbH: German cloud platform for energy sales and customer processes, partnering with co.met for co.mobile integration. Adjacent competitor in the digital field service and customer process space for utilities, with both partnership and competitive overlap.
• Telefónica IoT (M2M): Major M2M/IoT connectivity provider partnering with co.met for SEN.connect SIM card management. While not a direct competitor, represents the type of large-scale infrastructure provider that could vertically integrate into adjacent IoT/metering services.

Emerging players

• Theben AG: German company with smart metering and energy management solutions, including LoRaWAN-based products. Partial overlap with co.met's smart metering and IoT offerings for utilities and energy applications.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/13017924/admin/feed/posts

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 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 co.met