UTC Climate, Controls & Security announces agreement to acquire EcoEnergy
UTC Climate, Controls & Security has announced that its India affiliate has entered into an agreement with Wipro Limited to acquire EcoEnergy. EcoEnergy, based in Bengaluru, India, is a provider of energy management services for commercial customers in North America, Europe, and Asia.
“We believe EcoEnergy’s energy management platform and services, along with the expertise of its team, will enable UTC Climate, Controls & Security to further develop its remote monitoring and building analytics capabilities and bring enhanced services and solutions to UTC Climate, Controls & Security’s broad, global customer base,” said Ross Shuster, president of international operations for UTC Climate, Controls & Security. “Our industry-leading brands, including Carrier, Riello, Chubb, Edwards, Onity, Automated Logic, Lenel, Interlogix, and Kidde, along with their channel businesses, will be able to offer EcoEnergy service options to our customers, leveraging EcoEnergy’s talented staff of professionals. This will provide our customers with another way in which UTC Climate, Controls & Security is helping to meet their sustainability goals throughout the entire building lifecycle.”
“This transaction will help EcoEnergy continue to serve its customers and enable them to realize the opportunities made possible by IoT and big data analytics. We expect to develop the EcoEnergy brand in wider segments and geographies through our technology and service expertise, powered by the reach of UTC Climate, Controls & Security brands,” said Mansoor Ahmad, vice president of energy management services at EcoEnergy.
The acquisition is subject to customary closing conditions and regulatory approvals.