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Engie further enhances its solutions offering with latest strategic acquisition

06 November 2018

Engie has announced the acquisition of Smart Buildings for an undisclosed sum as a further extension of its existing services.

In a statement issued yesterday, the company announced that the purchase would provide a "step change" by significantly enhancing its solutions with the inclusion of smart building technology and capabilities.

The company now plans to combine its FM and energy services with the addition of Internet of Things (IoT) technology and integrated devices, with the aim of delivering an improved building management experience to customers.

Engie Business Energy & Services division chief executive officer (CEO) Nicola Lovett said the acquisition would assist the company in becoming a key player in the smart buildings market.

"We recognise that FM and 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 Ltd has developed, with our strength in FM and energy, we will be able to add even greater value for our customers in helping them to improve their performance, optimise their workplace and increase employee wellbeing," said Ms Lovett.

Smart Buildings CEO Mark Davenport said: "Our philosophy is to innovate by leading through IoT technology, and to integrate by normalising every device that can communicate, thereby empowering users to interact and control their words."

He further stated that joining Engie will enable both companies to fulfill their aims.

Engie also said that the acquisition will support its goal of achieving 50% of its UK revenues from business combining energy and service activities by 2020.

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