Acuity Advisors acted as sole financial advisor to EnOcean GmbH, a leading German company pioneering energy harvesting IoT devices and sensor-to-cloud solutions for smart spaces, on the acquisition of the Edge Computing Business (ECB) of Renesas.
The acquired business will enable EnOcean to easily integrate best-of-breed solutions from multiple vendors and minimize the cost of deployments. Moreover, the integration of ECB will provide access to data from existing building infrastructure and optimize the interactions between buildings and devices, thus unlocking tremendous value to EnOcean.
Matthew Byatt, Managing Partner at Acuity commented on the transaction:
“We are pleased to have acted as sole financial advisor to EnOcean in the acquisition of the US-based edge computing business of Renesas Electronics Corporation.
This transformative and complementary acquisition strengthens EnOcean’s next-generation technology solutions for smart buildings and enables the company to leverage cloud-based software for a wide range of applications and to utilise the data generated in buildings by own and third-party sensors.”