Siemens Acquires Wattsense to Boost IoT Systems for Small and Medium Buildings

Summary

Siemens Smart Infrastructure has completed the acquisition of French startup Wattsense, a hardware and software company which offers an innovative, plug-and-play IoT management system for small and mid-size buildings, expanding Siemens’ building products portfolio. Wattsense was started in 2017 and is headquartered in Dardilly, near Lyon, France.

Wattsense optimizes the technical management of small and mid-size buildings with a leading IoT solution that combines simplicity and interoperability. It enables the adoption of energy management practices in facilities with little or no building management system technology, meeting the needs of building professionals seeking efficiency and sustainability. Lowering entry barriers while keeping capital expenditures low, Wattsense allows customers to connect a wide range of devices and make them IoT-enabled. Multi-protocol devices can be onboarded easily before being connected to the cloud and operated in a Software as a Service (SaaS) model.