Deal sees Smart Build­ings taken over by ENGIE

Yorkshire Post - Business - - FRONT PAGE - Mark Casci BUSI­NESS ED­I­TOR @MarkCasci

Leeds-based Smart Build­ings Lim­ited, a com­pany that spe­cialises in smart build­ings so­lu­tions, has been ac­quired by ENGIE for an undis­closed sum.

ENGIE said the deal would im­prove its smart build­ings ca­pa­bil­i­ties and “sig­nif­i­cantly en­hance the so­lu­tions the com­pany is able to of­fer cus­tomers”. Smart Build­ings has worked with the likes of JCT600, Look­ers and Bar­clays.

The com­pany will use the deal in de­vel­op­ing ‘In­ter­net of Things’ (IoT) tech­nol­ogy and in­te­gra­tion of de­vices to give cus­tomers an im­proved build­ing man­age­ment ex­pe­ri­ence.

Ni­cola Lovett, chief ex­ec­u­tive of ENGIE’s Busi­ness En­ergy & Ser­vices di­vi­sion, said: “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 Lim­ited 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: “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.”

Le­gal ad­vice was pro­vided by Lup­ton Fawcett.

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