Siemens acquires French IoT and buildings energy management startup
Siemens Smart Infrastructure has acquired French IoT startup Wattsense to expand its offering within the buildings energy management and automation and French markets.
Launched in 2017, Wattsense is a hardware and software company that offers a plug-and-play IoT management system for small and mid-size buildings. The startup is headquartered in Dardilly, near Lyon, France.
Wattsense leverages its IoT solution to enable the adoption of energy management practices in facilities with little or no building management system technology and in the process helps building owners and operators to achieve energy efficiency and sustainability goals.
Lowering entry barriers while keeping capital expenditures low, Wattsense allows customers to connect a wide range of devices and make them IoT-enabled. Multi-protocol devices can be onboarded easily before being connected to the cloud and operated in a Software as a Service (SaaS) model.
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The startup provides services to a wide range of real estate types, including schools, offices, warehouses, and retail.
Wattsense’s solution is present in 22 countries in the quest by the startup to enable a zero-carbon emission future for buildings while improving the productivity and operations of building operators.
The acquisition enables Siemens to help its customers in the European Union to comply with the Energy Performance of Buildings Directive (EPBD), which requires buildings in the tertiary sector to be equipped with control and automation systems that improve energy efficiency and reduce CO2 emissions.
Henning Sandfort, CEO of Building Products at Siemens Smart Infrastructure, said: “Together with Wattsense we will accelerate the adoption of IoT systems in a wider range of buildings, bringing the sustainability, comfort and cost benefits to more people and businesses.
“The SaaS business model and innovative technology stack of Wattsense perfectly complement our growing digital portfolio for our customers. We are excited to welcome the talented Wattsense team on board.”
Louis Vermorel, Founder and CEO of Wattsense, added: “Wattsense’s commitment to reducing energy consumption and carbon emissions in the building sector aligns perfectly with Siemens’s vision to create technologies that take society further.”
