(MENAFN) LG CNS Co., an IT subsidiary of LG Group, said it settled a USD45 million deal with its Polish rival to supply advanced metering infrastructures (AMI), Yonhap reported.
According to the agreement, LG CNS will supply 330,000 units of AMI to Poland's Tauron Dystrybucja S.A. through April 2017, along with establishing a smart grid infrastructure.
The South Korean tech firm LG CNS anticipates to the Polish AMI market to hover around USD957 million, as it aims to expand its business to cover other European countries in the future.
"Through successfully completing the project, we will not only accelerate our effort to enter the European power management industry, but also become the leader in the energy industry," a smart grid official said.
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