Lithuania's Axioma Metering to build €29.5M smart-metering plant in Portugal
What's the deal? Lithuanian company Axioma MeteringDealroom has a profile for this one. Try Dealroom → is building a new factory in the Lordelo Industrial Zone in Paredes, Portugal, in an investment of about €29.5 million. The project is expected to create roughly 200 jobs, about half of them highly qualified technical roles. Construction, handled by the Britoli groupDealroom has a profile for this one. Try Dealroom →, will proceed in two phases across some 13,000m².
Why now? The company held its groundbreaking ceremony on October 9, 2026, marking the start of construction.
What's the endgame? Axioma Metering, founded in Lithuania by chief executive officer Ignas Vosylius, makes digital devices for measuring and managing water and thermal energy consumption using ultrasonic technology. The new plant will house production and storage, engineering and administration space, and worker support areas.
What changes locally? Paredes's economy has traditionally centred on furniture and related industries. According to the Municipality of Paredes, the investment introduces a new technology activity to the area and could help diversify the region's industrial base.
The signal: The project brings foreign technology investment and specialised jobs to a Portuguese region known for furniture manufacturing, signalling how smart-metering makers are expanding production capacity across Europe.
Read more: sapo.pt
Image credit: Generated with Gemini
