This strategic partnership not only provides EnOcean with the necessary capital to support its continued growth but also signifies a strong alignment of strategic goals between the two entities.
The investment from Innovation Industries underscores the starting point for EnOcean’s additional organic and inorganic growth strategy, providing vital resources to accelerate the development of new sustainable IoT solutions and widen its market footprint. This infusion of capital follows on the heels of EnOcean’s first acquisition in late 2022.
With this positive strategic alignment based on a continued buy-and-build strategy, EnOcean envisions further acquisitions with separate capital raises that will complement its portfolio and enhance its capabilities. The strategic partnership with Innovation Industries provides a strong foundation for these future endeavors, with both entities committed to fostering growth and innovation.
Richard Baker, Managing Partner at Acuity said:
“We are delighted that EnOcean has secured investment from Innovation Industries and are very excited for the future growth trajectory of the business.”