Siemens Smart Infrastructure has recently acquired a hardware and software company, French startup Wattsense, which offers a progressive and innovative plug-and-play IoT management system for small and mid-size buildings. This is expected to eventually expand Siemens’ portfolio of building products. Started in 2017, Wattsense is headquartered in Dardilly, near Lyon, France. Wattsense is known for revamping the technical management of small and mid-size buildings with a top IoT solution that merges simplicity with interoperability. It allows the adoption of energy management practices in facilities with little or no building management system technology, meeting the requirements of building professionals, who are majorly looking for efficiency and sustainability. Wattsense allows customers to connect a wide range of devices and make them IoT-enabled by reducing entry barriers while keeping capital expenditures low. Multi-protocol devices can be onboarded easily before being connected to the cloud and operated in a Software as a Service (SaaS) model. It offers the perks of a cloud-based IoT management system for buildings accessible to a wider range of real estate types, ranging from schools, offices, warehouses to retail.
A pioneer in infrastructure digitalization with more than 2.3 million devices connected to its cloud platform, Siemens Smart Infrastructure boasts more than 150 digital applications and offerings within its portfolio. The company aims to double its digital revenues from EUR 700 million today to EUR 1.5 billion by 2025.
“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, 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”, added Sandfort.
For consumers in the European Union, the acquisition of Wattsense aids 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 upgrade energy efficiency and decrease CO2 emissions. Present in 22 countries, Wattsense’s innovative solution aims to enable a zero-carbon emission future for buildings, while advancing the productivity and operations of building operators.
“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, 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”, added Vermorel.