ENGIE announces the acquisition of 60% of Flashnet, a Romanian Internet of Things (IoT) company. Flashnet develops intelligent energy management systems for cities. Thanks to its solutions, many cities, both large and small, already enjoy all the benefits of smart public lighting networks.
With this acquisition, ENGIE strengthens its position on the smart public lighting market. With 25+ years of experience, providing services to more than 500 cities and 1,300,000 lighting points across Europe and the Americas. This acquisition is in line with the Group’s ambition to become a leading worldwide player in the smart city and public lighting sector, contributing to make Better Cities TODAY. ENGIE helps public authorities around the world to transform the way they operate cities, by creating an environment with greater energy efficiency, for a better quality of life.
Established in 2005, Flashnet is continuously focusing on R&D which allows it to be at the forefront of IoT developments and launch innovative solutions for municipalities.
“The acquisition of Flashnet responds to ENGIE’s goal to be a reliable partner of the cities and territories by proposing them highly competitive intelligent energy management systems for better cities and utility grids. We are glad to strengthen our competencies in both intelligent lighting and grid infrastructures and to provide to our customers better solutions integrating IT, energy and telecommunications technologies” stated Eric Stab, CEO of ENGIE Romania.
“We are very pleased to join the ENGIE Group and believe this is a stepping stone for us to be at the core of the IoT expansion. We share ENGIE’s view on the energy transition and are very excited to contribute with our expertise to the strategy of the Group ”, stated Lorand Mozes, CEO and founder of Flashnet.
Working already with several IoT communication standards, inteliLIGHT®, Flashnet’s main solution, is one of the most flexible systems available on the market. This street lighting management solution gives to the city more control over the entire street lighting grid, allowing to save energy and improve schedule and maintenance works & costs. The solution has already been deployed in various cities such as Dubai (UAE), Penang (Malaysia), Brasov, Craiova (Romania), Mecca, Riyadh (Saudi Arabia), Athens (Greece), with pilots and demonstrators virtually all around the globe.
Flashnet also developed inteliGRID®, a complete hardware and software management solution for low voltage electric distribution which was successfully deployed for several clients in Romania.