Smart City & Utility Industry News

Mergers and AcquisitionsMobility and TrafficTransoft Solutions Inc.AMAGAustralia

Transoft Acquires 30% of AMAG to Boost Road Safety Portfolio

Oct 29, 2024

Transoft Solutions Inc., an expert in transportation engineering and operations software, acquired a 30% stake in Advanced Mobility Analytics Group (AMAG) from PPK Group Limited for AUD 2.7 million (approx EUR 1.62 million). AMAG, based in Brisbane,...

Mergers and AcquisitionsWasteTomra Systems ASAC-Trace

Tomra Acquires 80% of C-Trace for Digital Waste Solutions

Oct 29, 2024

Norway-based Tomra Systems ASA has acquired 80% of the shares in C-Trace GmbH, a German company specializing in digital waste management solutions, with the option to acquire the remaining 20% held by C-Trace’s founders after two years. Founded in...

Mergers and AcquisitionsEV ChargingKrakenJedlix

Kraken Expands EV Charging Power with Jedlix Acquisition

Oct 28, 2024

London-based Kraken, a platform specializing in digital solutions for utilities, has acquired Jedlix, a Rotterdam company known for its advanced EV charging technology. Jedlix, provides flexible and consumer-focused smart charging solutions,...

Mergers and AcquisitionsBuilding EfficiencyTechemTPG

Energy Efficiency Specialist Techem to Be Acquired by TPG and GIC

Oct 17, 2024

Techem, a specialist in energy efficiency for buildings, is set to be acquired by TPG and GIC for €6.7 billion. The acquisition aims to bolster Techem’s efforts to decarbonise the real estate sector, which accounts for approximately 40% of...

Mergers and AcquisitionsFundingWaterWitLT CapitalFrance

France-based Smart Building & Water Specialist Wit Opens Capital

Oct 17, 2024

Wit, the energy performance specialist based in Nice, is undergoing a significant transition as it opens its capital to accelerate growth in the smart building and smart water markets. In what can be considered a management buyout (MBO) with added...

Mergers and AcquisitionsEnergyIberdrolaDerryherk

Iberdrola Acquires Derryherk to Boost UK Smart Grid Efficiency

Sep 30, 2024

Iberdrola has acquired the UK-based tech company Derryherk, through its British subsidiary, ScottishPower, to enhance the efficiency of its smart grids in the UK. This follows a successful partnership between the two companies, which improved data...

Mergers and AcquisitionsInnovasurFiwoo

Innovasur Acquires Fiwoo to Enhance Smart City Management

Sep 26, 2024

Andalusian tech company Innovasur has aquired Fiwoo, a platform designed to simplify smart city management. Fiwoo enables users to create entities and dashboards within the system without requiring technical expertise, making it accessible to a...

Mergers and AcquisitionsEnergyEnBWenersis

EnBW Acquires enersis to Expand Digital Twin and Smart Grid Solutions

Sep 18, 2024

German energy company EnBW has acquired enersis, a swiss company specializing in digital twins for the energy sector, to strengthen its in-house tech capabilities, particularly in smart grids. enersis’ gaia platform, which provides real-time...

Mergers and AcquisitionsStreet LightingMobility and TrafficSmart Parking SystemsItaly

City Green Light Expands Smart City Solutions by Acquiring Smart Parking Systems

Sep 18, 2024

City Green Light, the largest private public lighting operator in Italy, has acquired Smart Parking Systems, a spin-off of Intercomp focused on parking management technology. This acquisition is part of City Green Light’s broader strategy to...

Mergers and AcquisitionsWasteRoutewareK1 Investment Managemen

Routeware Acquires RUBICONSmartCity and RUBICONPro

Sep 5, 2024

Routeware, a technology provider in the waste and recycling sector backed by K1 Investment Management, has acquired RUBICONSmartCity and RUBICONPro, platforms owned by Wastech. This acquisition aims to enhance Routeware’s ability to offer...