#United States #New York #Air Quality #WellStat #Iknaia

WellStat Acquires Iknaia to Enhance Air Quality Solutions

On February 5, 2025, WellStat, a prominent player in energy management and air quality monitoring in the U.S., made a significant move by acquiring Iknaia Limited, a UK-based firm renowned for its innovative Airscan product line. This strategic acquisition marks a pivotal development for WellStat as it aims to broaden its global presence and improve its offerings in response to the increasing demand for thorough air quality monitoring in both indoor and outdoor environments.

The financial specifics of this acquisition have not been disclosed, but this partnership is set to provide a multi-faceted advantage for WellStat's clientele. By integrating Iknaia’s cutting-edge Airscan technology with WellStat's established expertise in air quality monitoring and energy optimization, the duo is positioned to effect meaningful change across diverse sectors—including commercial real estate, healthcare, education, and government.

Dave Brown, CEO of WellStat, expressed his enthusiasm regarding the acquisition, stating, "This acquisition underscores WellStat's commitment to innovation and global impact. By integrating Iknaia and Airscan with WellStat's existing capabilities, we are better positioned to help buildings and communities address air quality challenges and create healthier spaces.” Furthermore, John Gaganiaras, CFO of WellStat, noted that Iknaia’s innovative solutions align perfectly with their growth strategy, enhancing their capabilities and facilitating better service to new markets worldwide.

Kerri McNicholas from Gainline Capital Partners, which holds WellStat in its portfolio, praised the acquisition, emphasizing that WellStat's strategic goals are advancing through this partnership. She stated, "The addition of Iknaia will create even greater value for our customers and stakeholders. We are excited to support continued organic and inorganic growth.”

About WellStat

WellStat is leading the charge in transforming energy management and air quality solutions across all built environments. By leveraging advanced data analytics, Internet of Things (IoT) integration, and smart building technology, WellStat aids its clients in reducing operational costs, minimizing emissions, improving grid reliability, and supporting sustainability goals. More information about their offerings can be found at www.wellstat.io.

About Iknaia Limited

Iknaia has established itself as a specialist in providing air quality monitoring solutions aimed at promoting healthier and more sustainable environments. The company's Airscan product line excels at delivering real-time, precise data, enabling businesses, governmental bodies, and institutions to meet their environmental and operational objectives. For further details, visit www.iknaia.co.uk and airscan.io.

About Gainline Capital Partners

Gainline Capital Partners is a private equity firm focused on partnering with middle-market companies to foster growth and operational excellence. The firm is devoted to investing in established companies that prioritize sustainable growth strategies and the fulfillment of management's visions. More about Gainline can be accessed at www.gainlinecapital.com.

In conclusion, WellStat’s acquisition of Iknaia marks a substantial step forward in their mission to enhance air quality across various sectors. By capitalizing on Iknaia’s advanced technology and combining it with WellStat’s crucial resources and expertise, they are set to offer unparalleled services that can markedly improve environmental health and safety.