5 November 2018 | Herpreet Kaur Grewal
Energy services and regeneration group Engie has announced its acquisition of Smart Buildings Ltd, a company specialising in smart buildings solutions.
The company will now be able to combine Smart Building Ltd's expertise in developing Internet of Things (IoT) technology and integration of devices for enhanced building management.
Smart Buildings Ltd has already achieved wide recognition through working with clients such as Barclays Bank, Lookers, and JCT600 to introduce smart technologies to their businesses.
An award-winning partnership with Barclays Bank has seen Smart Buildings Ltd working closely with the Barclays' engineering team to develop a bespoke 'software-as-a-service' (SaaS) application. This interacts with building equipment to give improved central visibility of the systems in Barclays' property portfolio through a fully interactive platform.
This acquisition pursues Engie's goal of achieving 50 per cent of its UK revenues from business that combines energy and services activities by 2020.