The acquisition will provide a step change in ENGIE’s smart buildings capabilities and will enhance the solutions the company is able to offer to customers.
ENGIE has a strong heritage in facilities management, energy and energy services. The company will now be able to combine this with Smart Building Ltd’s expertise in developing Internet of Things (IoT) technology and integration of devices to give customers an improved building management experience.
Nicola Lovett, CEO of ENGIE’s Business Energy & Services division, commented: “This acquisition is the next step in achieving our goal of being a key player in the smart buildings market. We recognise that FM & energy markets are changing, and we are committed to being at the forefront of those changes.
“By combining the cutting-edge technology that Smart Buildings Ltd has developed, with our strength in FM & energy, we will be able to add even greater value for our customers in helping them to improve their performance, optimise their workplaces and increase employee wellbeing.”
CEO of Smart Buildings Ltd, Mark Davenport added: “Our philosophy is to innovate by leading through IoT technology, and to integrate by normalising every device that can communicate, thereby empowering users to interact and control their worlds. Becoming part of ENGIE will take full advantage of the synergies between our organisations and create many more opportunities to deploy our smart buildings services.”
Smart Buildings Ltd has already achieved wide recognition for its innovation, working closely with clients such as Barclays Bank, Lookers and JCT600 to introduce smart technologies to their businesses.
The acquisition supports ENGIE’s goal of achieving 50 per cent of its UK revenues from business which combines energy and services activities by 2020.