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Press Release06 October 2021Smart InfrastructureZug, Switzerland
Siemens acquires Wattsense to boost IoT systems for small and medium buildings
Logo Wattsense - a Siemens company
Wattsense optimizes the
technical management of small and mid-size buildings with a leading IoT
solution that combines simplicity and interoperability. It enables 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. Lowering entry
barriers while keeping capital expenditures low, Wattsense allows customers to connect a wide range of devices and make them
IoT-enabled. Multi-protocol devices can be onboarded easily before being
connected to the cloud and operated 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 real estate types, including schools,
offices, warehouses and retail.
“Together with Wattsense we will accelerate the adoption of
IoT systems in a wider range of buildings, bringing the sustainability, comfort
and cost benefits to more people and businesses,” said Henning Sandfort, CEO of Building Products at
Siemens Smart Infrastructure. “The SaaS business model and innovative
technology stack of Wattsense 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 infrastructure digitalization with more than 2.3 million devices
connected to its cloud platform. The business has more than 150 digital
applications and offerings within its portfolio and has committed to doubling
its digital revenues from EUR 700 million today to EUR 1.5 billion by 2025.
“Wattsense's commitment to reducing energy consumption and carbon emissions in
the building sector aligns perfectly with Siemens's vision to create
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 customers in the European Union, the acquisition of
Wattsense also supports businesses in complying 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 innovative solution is present in 22
countries. Its mission is to enable a zero-carbon emission future for buildings
while improving the productivity and operations of building operators.
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Siemens Smart Infrastructure (SI) is shaping the market for intelligent, adaptive infrastructure for today and the future. It addresses the pressing challenges of urbanization and climate change by connecting energy systems, buildings and industries. SI provides customers with a comprehensive end-to-end portfolio from a single source – with products, systems, solutions and services from the point of power generation all the way to consumption. With an increasingly digitalized ecosystem, it helps customers thrive and communities progress while contributing toward protecting the planet. SI creates environments that care. Siemens Smart Infrastructure has its global headquarters in Zug, Switzerland. As of September 30, 2020, the business had around 69,600 employees worldwide.
Siemens AG (Berlin and Munich) is a technology company focused on industry, infrastructure, transport, and healthcare. From more resource-efficient factories, resilient supply chains, and smarter buildings and grids, to cleaner and more comfortable transportation as well as advanced healthcare, the company creates technology with purpose adding real value for customers. By combining the real and the digital worlds, Siemens empowers its customers to transform their industries and markets, to transform the everyday for billions of people. Siemens also owns a majority stake in the publicly listed company Siemens Healthineers, a globally leading medical technology provider shaping the future of healthcare. In addition, Siemens holds a minority stake in Siemens Energy, a global leader in the transmission and generation of electrical power.
In fiscal 2020, which ended on September 30, 2020, the Siemens Group generated revenue of €55.3 billion and net income of €4.2 billion. As of September 30, 2020, the company had around 293,000 employees worldwide. Further information is available on the Internet at www.siemens.com.
In fiscal 2020, which ended on September 30, 2020, the Siemens Group generated revenue of €55.3 billion and net income of €4.2 billion. As of September 30, 2020, the company had around 293,000 employees worldwide. Further information is available on the Internet at www.siemens.com.
Reference Number: HQSIPR202110056314EN