EnOcean buys Renesas’ edge computing solutions business

EnOcean, which provides energy-harvesting sensors and cloud-based software for building management, has bought the assets of the edge computing solutions business of Renesas Electronics, including personnel, hardware products and software products.

Integration of the edge computing solution, according to EnOcean, will additionally provide access to data from the existing building infrastructure such as heating, cooling and lighting systems.

“Our combined solution, including the SmartServer IoT and IAP [IoT Access Protocol] software, enables customers to leverage existing data that is already being generated in their buildings, machines or other devices. This data can be augmented by energy harvesting and traditional sensors as needed to provide a comprehensive view,” said EnOcean CEO Raoul Wijgergangs. “The solution enables understanding, control, interaction and optimisation of buildings and devices. Furthermore, the team has a wealth of experience in software that bridges the gap between the existing HVAC and lighting systems in buildings and the cloud in an open and standardised way. We also expect that our go-to-market channels will be complementary, and that our combined businesses will be better together.”

Acuity Advisors facilitated the deal, which concluded on the first of October, and supported EnOcean during the transaction phase.

EnOcean is based in Oberhaching, Germany, with a subsidiary in Salt Lake City.