Wellington-based metering company Energy Intellect has been purchased by EDMI Limited with operational control transferring to EDMI from 1 May 2012. EDMI Australasia Managing Director, Doug Ross, says, “EDMI’s purchase of Energy Intellect represents a positive step for EDMI by increasing our presence in the region. It provides EDMI with an improved ability to service our NZ-based customers and cements EDMI as a leader in the New Zealand smart metering market”. The newly established EDMI NZ Ltd – a wholly owned subsidiary of EDMI Limited, will now manage the contracts previously held by Energy Intellect.

Official statement by EDMI Managing Director, Lee Kwang Mong:

As of 30 March 2012, Osaki Electric Co., Ltd has completed the acquisition of all shares of SMB United Limited, parent company of EDMI Limited. As such, EDMI Limited is now a wholly owned subsidiary of Osaki Electric Co., Ltd.

With the addition of SMB United, the Osaki group will now have annual sales revenue in excess of USD 700 million and some 2,500 employees spread throughout the globe. This allows Osaki to introduce EDMI’s advanced smart metering technologies, experience and global exposure into the evolving Japanese smart meters/grid market. In addition, this gives EDMI and its customers, access to Osaki’s manufacturing technology, extensive global sales and service coverage.

This development is a significant boost to our financial strength, manufacturing capacity, competency and quality assurance system, allowing us to better serve our customers. We thank you for your business and look forward to your continuous support in the coming years.

KM Lee
Managing Director
EDMI Limited

EDMI employees initiated a fund drive to extend help to victims of the recent tropical storm Washi, locally known as Sendong, which ravaged the cities of Cagayan de Oro and Iligan in the Philippines.

The response both in cash and kind from EDMI offices in Singapore and Philippines has been overwhelming. A total of SGD 4,000.00 and PHP 8,000.00 were collected from Singapore and Philippine offices, respectively. Clothes, blankets, food, shoes and diapers were among the many items donated.

Typhoon Washi has left over 1,000 people killed and thousands more left homeless.