International. Siemens Smart Infrastructure has completed the acquisition of French startup Wattsense, a hardware and software company that offers a plug-and-play IoT management system for small and medium-sized buildings, expanding Siemens' construction product portfolio. Wattsense was started in 2017 and is headquartered in Dardilly, near Lyon, France.
Wattsense optimizes the technical management of small and medium-sized buildings with an IoT solution that combines simplicity and interoperability. It allows the adoption of energy management practices in facilities with little or no building management system technology, meeting the needs of building professionals seeking efficiency and sustainability. By lowering barriers to entry and keeping capital expenditures low, Wattsense enables customers to connect a wide range of devices and enable them for IoT. Multi-protocol devices can be easily incorporated before connecting to the cloud and operating in a software-as-a-service (SaaS) model.
It makes the benefits of a cloud-based IoT management system for buildings accessible to a wider range of types of real estate, including schools, offices, warehouses, and retail stores.
"Together with Wattsense we will accelerate the adoption of IoT systems in a wider range of buildings, bringing sustainability, convenience and cost benefits to more people and businesses," said Henning Sandfort, CEO of Building Products at Siemens Smart Infrastructure. "Wattsense's SaaS business model and innovative technology stack perfectly complement our growing digital portfolio for our customers. We are excited to welcome the talented Wattsense team on board."
Siemens Smart Infrastructure is a pioneer in the digitalization of infrastructure with more than 2.3 million devices connected to its cloud platform. The company has more than 150 digital apps and offerings within its portfolio and has committed to doubling its digital revenue from €700 million today to €1.5 billion by 2025.
"Wattsense's commitment to reducing energy consumption and carbon emissions in the construction sector aligns perfectly with Siemens' vision of creating technologies that take society further," said Louis Vermorel, founder and CEO of Wattsense. "We are thrilled to join a company with such a rich legacy and innovative culture to scale the reach and impact of our IoT solution."
For European Union customers, the acquisition of Wattsense also helps companies 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. Wattsense's solution is present in 22 countries. Its mission is to enable a zero-carbon future for buildings while improving the productivity and operations of building operators.
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