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Engie acquires Romanian IoT company Flashnet, specialized in Smart Public Lighting

ENGIE announces the acquisition of 60 per cent of Flashnet, a Romanian Internet of Things (IoT) company.

2018-07-05 12:02:17

With this acquisition, Engie strengthens its position on the smart public lighting market. 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.

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.



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