Placed on – November 7, 2019

Priva is investing in our spin-out company bGrid

Priva is investing in our spin-out company bGrid

A week ago, we announced that Priva acquired a stake in our spin-out smart building company bGrid. Priva is now shareholder and strategic cooperation partner. Together we anticipate an acceleration in smart building implementation and drive digital transformation in real estate.

Priva is leading developer of technologies and services for climate control and optimum use of energy. With the investment in bGrid, Priva can strengthen their position as provider of digital services for smart buildings. bGrid provides an intelligent sensor platform that collects data from buildings and connects it to various third-party apps. bGrid will use the investment for further product development and international expansion.

Both companies have been working together on projects and now will reinforce their businesses.

Read the full article here.

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