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Chinese energy technology company Wasion Power Company has agreed to acquire a 20% stake in Satera, a Türkiye-based smart electricity meter producer, in its first investment in Europe and the Middle East.
The acquisition is expected to reinforce Wasion’s presence in the European and Middle Eastern markets and accelerate its efforts to expand its global research and manufacturing operations, according to the information obtained by business-focused patronlardunyasi.com.
Founded in 2021, Satera designs and manufactures intelligent electricity meters developed entirely with domestic resources. The company operates from a 5,000-square-meter facility in Istanbul, with an annual production capacity of more than 2 million units.
Initially formed through a local partnership, Satera’s ownership structure changed within the same year of its establishment. National media reports in 2023 revisited the factory’s history, noting the early transition, but the company has since continued operating independently, focusing on expanding its production of domestically designed smart energy systems.
Wasion Holdings Limited, the parent company of Wasion Power, is among China’s largest enterprises in advanced metering, smart distribution, and energy efficiency management.
Listed on the Hong Kong Stock Exchange since December 2025, Wasion holds more than 20% of China’s domestic market share in high-end metering products and employs over 6,000 people across 20 countries.
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