There have been so many acquisitions in the smart grid sector as of late; we’ve been updating the tally every couple of months. Since December, there have been a couple more, including Tririga and UISOL, so we’re updating our list once again. Let me know if there are any I missed.
| Acquirer | Acquired | Price, Date | Trend |
|---|---|---|---|
| ABB | Ventyx | “Close to $1 billion,” March 2010 | The Swiss electrical gear company adds on smart grid software. |
| ABB | Insert Key Solutions | Undisclosed, Dec 2010 | The Swiss electrical gear company bought up a share of the German solar concentrating company. |
| ABB | 35% of Novatec Solar | Undisclosed, March 2011 | The Swiss electrical gear company bought a stake in concentrating solar gear. |
| ABB | Obvient | Undisclosed, Jan 2011 | The Swiss electrical gear company adds on more smart grid software. |
| Alstom | UISOL | Undisclosed, March 2011 | The French power giant acquired UISOL, which is a key player in the open source demand response standard OpenADR. |
| Alstom & Schneider Electric | Transmission and distribution biz of Areva | $3.25 billion, July 2010 | The two power giants team up to buy Areva’s T&D division. |
| AT&T | Xanboo | Not disclosed, Dec 2010 | U.S. telecom giant will buy decade-old home automation and energy management Xanboo. |
| Black & Veatch | Enspiria | Undisclosed, March 2010 | The consulting and engineering company beefs up its integration capabilities. |
| Cisco | Richards-Zeta Building Intelligence | Undisclosed, January 2009 | Cisco buys up building and IT networking system. |
| Cisco (equity investment) | Grid Net | Undisclosed, Sept. 2009 | Cisco invests in smart meter maker Grid Net, which has a first product built on WiMAX. |
| Cisco | Arch Rock | Undisclosed, Sept. 2010 | Cisco finally showed its smart grid wireless card by buying up Arch Rock. |
| Constellation Energy | CPower | Undisclosed, Sept. 2010 | Power company Constellation Energy plans to fold CPower into its demand response portfolio. |
| Cooper Industries | Eka Systems | Undisclosed, April 2010 | Cooper fold’s Eka’s wireless network product into its automation system. |
| EnerNOC | Cogent Energy | Undisclosed, Dec. 2009 | Demand response player moves into energy efficiency business. |
| EnerNOC | SmallFoot | Undisclosed, March 2010 | The demand response player buys wireless tech for small commercial buildings. |
| EnerNOC | eQuilibrium Solutions | Undisclosed, June 2009 | EnerNOC adds on energy and carbon accounting software. |
| EnerNOC | MDEnergy | $7.9M, Sept. 2007 | EnerNOC buys energy procurement service provider. |
| EnerNOC | South River Consulting | $4.75M, May 2008 | EnerNOC adds on more energy procurement and risk management. |
| EnerNOC | Global Energy Partners | $26.5M, Dec 2010 | EnerNOC keeps expanding beyond demand response with Global Energy Partners acquisition. |
| EnerNOC | M2M Communications | Undisclosed, Jan 2011 | EnerNOC keeps expanding beyond demand response and buys up a company that turns down agriculture systems. |
| GE | Remote Energy Monitoring | Undisclosed, Jan 2011 | GE bought up smart meter tech startup Remote Energy Monitoring. |
| GE | Opal Software | Undisclosed, Oct 2010 | GE buys Opal Software, which makes software and services for smart grid network testing and management. |
| GE | Lineage Power | $520M, Jan 2011 | GE acquired Lineage Power, a provider of gear for data center and telecom power conversion. |
| GridPoint | V2Green | Undisclosed, Sept 2008 | The smart grid company adds on electric vehicle smart charging. |
| GridPoint | Lixar SRS | Undisclosed, June 2009 | GridPoint moves into home energy management. |
| GridPoint | ADMMicro | Undisclosed, Nov 2009 | The smart grid firm tackles energy from the commercial and industrial sectors. |
| Honeywell | Akuacom | Undisclosed, May 2010 | Building automation giant buys into open source demand response, OpenADR |
| Honeywell | E-Mon | Undisclosed, July 2010 | Building automation giant buys into submetering gear and software |
| Itron | Asais | Undisclosed, Dec 2010 | Smart meter maker buys data analytics and services. |
| IBM | Tririga | Undisclosed, March 2011 | IT giant IBM buys Tririga for its smart building software. |
| Johnson Controls | EnergyConnect | $32.3 million, March 2011 | Johnson Controls bought software-assisted demand response company EnergyConnect. |
| Motorola | 4Home | Undisclosed, Dec 2010 | The cell phone maker and communications company buys home automation/energy management startup. |
| Schneider Electric | Summit Energy | $268M, March 2011 | Schneider bought the energy procurement and energy management provider. |
| Serious Materials | Valence Energy | Undisclosed | Serious Materials bought energy software company Valence Energy for its building energy management product. |
| Siemens | Energy4U | 60 percent stake, Aug. 2009 | The electrical gear company adds on software for intelligent metering and billing. |
| Siemens | Solel | $418M, Oct. 2009 | Siemens made an early move into the solar thermal market. |
| Silver Spring Networks | Greenbox | Undisclosed, Sept. 2009 | Smart grid network player jumps into home energy management. |
| SmartSynch | Applied Mesh Technologies | Undisclosed, Nov. 2008 | The smart grid network maker buys a competitor to grow. |
| Trilliant | SkyPilot | Undisclosed, May 2009 | Smart grid network maker acquires wireless mesh network maker. |
| Tendril | Grounded Power | Undisclosed, Oct 2010 | Tendril bought Grounded Power for behavioral analytics. |
Image courtesy of Rennett Stowe.
Excellent summary!
GE acquired Remote Energy Monitoring (REM) in January – http://www.remuk.co.uk/geacquisition.php
Johnson Controls and EnergyConnect…not sure if I missed this in the list.
Thanks guys. Sorry if your comment was delayed, I just noticed them caught in the spam filter. I’ll add in these ones now.
You might add Schneider Electric and Alstom’s joint acquisition of Areva’s Transmission & Distribution business? It’s not as heavy on the “Smart” as it is on the “grid,” but at ~$6 Billion, it’s certainly hard to ignore. Both Alstom and Schneider Electric seem to banking on the grid in general for future growth.
Good list but missed a few:
EnerNOC bought M2M Communications, demand response provider with a lot of activity in irrigation pumps in CA
Johnson Controls acquired EnergyConnect Group, a demand response provider similar to EnerNOC but much smaller
ABB purchased Obvient Strategies to enhance the Ventyx software suite for organizations with geographically dispersed assets
GE bought Lineage Power Holdings for data center efficiency and Remote Energy Monitoring which makes AMI hardware and software for the UK market
Thanks guys. I added these all in.
Shopping List: Smart Grid Acquisitions to Date http://t.co/PTSPT61P
Corporations are taking serious interest in #smartgrid startups: http://t.co/3PbNCzfF
Shopping List: #SmartGrid Acquisitions to Date : http://t.co/HzMk69xE