Infogrid, a leading company in building intelligence and analytics, has announced the acquisition of Buildings IOT’s advanced adaptive buildings technology. This strategic acquisition is set to significantly enhance Infogrid’s capabilities in autonomous building management, optimizing efficiency, and achieving substantial energy, carbon, and cost savings on a global scale.
- Acquisition Details
- Infogrid acquires Buildings IOT’s market-leading adaptive buildings technology.
- The acquisition aims to advance from analytics to true building automation.
- Industry Context
- Evolving commercial real estate landscape with net zero targets and increased regulation.
- Impact of fluctuating electricity costs and hybrid working patterns.
- Workforce shortages in skilled building engineering increasing the need for automation.
- Technological Synergies
- Integration of Buildings IOT’s automated demand management, advanced fault detection, and grid-interactive capabilities.
- Enhancement of Infogrid’s energy analytics products.
- Benefits include peak efficiency, energy and carbon reduction, cost optimization, and improved comfort.
- Statements from Leadership
- Kate Henningsen, CEO of Infogrid: Emphasizes the acquisition’s role in advancing sustainability and operational efficiency through integrated technology.
- Brian Turner, CEO of Buildings IOT: Highlights the significance of combining technologies to drive low-carbon operations and decarbonize the built environment.
- Team Integration
- 12 members from Buildings IOT’s US and Canada teams will join Infogrid.
- Infogrid will maintain its headquarters in Washington, D.C., and London.
Infogrid’s acquisition of Buildings IOT represents a significant step towards transforming building operations with advanced automation technology. By combining forces, the companies aim to deliver enhanced energy and carbon savings, streamline building management, and support the global real estate sector’s transition to more sustainable practices.
