UTC Climate buys Indian IoT company
USA: UTC Climate, Controls & Security, which includes Carrier’s air conditioning business, has completed the acquisition of the energy services business of Indian IT company Wipro.
Based in Bengaluru, the business – EcoEnergy – is a leading energy management solutions company that optimises customers’ energy consumption using leading edge analytics.
Commenting on the acquisition, Ross Shuster, UTC Climate, Controls & Security’s president, international operations, said: “Their expertise, along with the EcoEnergy energy management platform and services, will further enhance the building analytics capabilities offered to our customers around the world.
“With proven energy savings of over 1.5bn kW/hr to date across 6,000 commercial sites in North America, Europe and Asia, EcoEnergy’s domain-centric expertise, technology assets and remote monitoring services strengthen our ability to help customers achieve their energy-saving goals.”
Within UTC, EcoEnergy will report to the Automated Logic business under the leadership of business president Mead Rusert. “EcoEnergy is a natural fit with Automated Logic,” said Rusert. “We have a shared vision to serve the emerging building energy management services segment and will work closely together to deliver energy-saving solutions to our customers worldwide.”
“This transaction will help EcoEnergy continue to serve its customers and enable them to realize the opportunities made possible by the internet of things and big data analytics. Powered by the reach of the UTC Climate, Controls & Security network, we will develop the EcoEnergy brand in wider segments and geographies,” said Mansoor Ahmad, vice president, energy management services, EcoEnergy.