Energy analytics firm Greensense is set to be acquired by Brisbane-based energy provider ERM Power in an all-cash deal worth $5.25 million.
ERM announced today it had entered an agreement to acquire Perth-based Greensense, a technology startup that has made a big impact in the energy efficiency arena since being established in 2008.
Greensense has developed a range of hardware that measures energy efficiency in real-time across existing meters in commercial buildings, such as power and gas.
Some of its clients include HBF, Lendlease, Frasers Property Australia, Aldi and the Royal Automobile Club of WA, as well as government and education sector players.
Greensense managing director Fabian Le Gay Brereton said he expected the tie-up would enable the companies to lead the way in energy management.
“In Australia; buildings account for 40 per cent of primary energy use, 12 per cent of water consumption and up to 40 per cent of CO2 emissions,” Mr Le Gay Brereton said.
“For most organisations there are significant opportunities for savings which we can now demonstrate on a wide scale.
“Importantly for our existing customers, the Greensense brand and team will continue to grow the Greensense View software device, working with all of our industry partners in the green building and utility industries.”
ERM Power managing director Jon Stretch said the acquisition was an important part of the company’s growth strategy.
“ERM Power provides energy to one in five governments, businesses and industrials in Australia,” he said.
“We have industry-leading customer satisfaction because we’ve delivered technology which gives big energy users easy access to information on their energy consumption, backed by great service.
“Greensense is the next step in providing a real-time, in-depth view on resource consumption, beyond a customer’s ERM Power energy usage, to help our government, commercial and industrial companies better manage energy, water and waste.”
