Schneider Electric Acquires WattBuy to Accelerate Residential Electrification

Schneider Electric Acquires EV Connect

June 21, 2022

Energy

Schneider Electric has acquired EV Connect, an El Segundo, California-based provider of an open EV charging platform, to accelerate its eMobility strategy and expand its digital energy offerings. EV Connect will operate as a distinct subsidiary led by CEO and founder Jordan Ramer, while Schneider aims to strengthen its presence in EV charging infrastructure and services.

ABB Acquires Lumin to Expand Residential Energy Management in North America

January 14, 2025

Energy

ABB has acquired U.S.-based Lumin, a provider of residential energy management hardware and cloud software, following a 2023 strategic minority investment. The acquisition brings Lumin's load-management hardware, integrations for solar and storage, and homeowner-facing software into ABB's Electrification portfolio to broaden its North American home electrification and smart-home offerings.

Wallbox Acquires COIL Inc.

August 10, 2022

Energy

Wallbox (NYSE:WBX) has acquired COIL Inc., a U.S.-based end-to-end EV charging installation services provider, to integrate installation, maintenance, engineering and software-enabled quoting capabilities into its North American offerings. The acquisition strengthens Wallbox's ability to deliver turnkey residential, commercial and DC fast-charging projects and expands its service footprint across the United States.

Schneider Electric Acquires 75% Stake in Motivair Corp

October 17, 2024

Industrial Services

Schneider Electric has acquired a 75% stake in Buffalo-based liquid-cooling specialist Motivair Corp in an all-cash transaction reported at $850 million. Schneider has an option to buy the remaining 25% by 2028; the move expands Schneider’s data-center thermal management capabilities and completes its planned data-center acquisitions for the near term.

EnergyCAP Acquires Wattics

August 23, 2022

Software

EnergyCAP, a Resurgens Technology Partners–backed energy and sustainability ERP provider, has acquired Wattics, a Dublin-based energy management analytics and monitoring software company. The acquisition expands EnergyCAP's platform with building- and device-level interval data analytics and real-time monitoring capabilities to accelerate energy efficiency, decarbonization efforts, and cross-selling opportunities.

Watts Water Technologies Acquires Bradley Corporation

August 30, 2023

Building Products

Watts Water Technologies, Inc. agreed to acquire Bradley Corporation for $303 million (approximately $268 million net of estimated tax benefits) to expand its water solutions portfolio. The acquisition adds Bradley's front-of-the-wall commercial washroom and emergency safety product lines, increases exposure to commercial and industrial end markets, and is expected to generate cost synergies and be accretive to Adjusted EPS in 2024.