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Gridspertise Expands Digital Portfolio with Energyworx Acquisition

Gridspertise has officially completed the acquisition of Energyworx, a leading player in cloud-based Energy Data Management solutions. This strategic move is a pivotal step for Gridspertise as it seeks to enhance its digital portfolio, reinforce its market position, and accelerate the development of innovative solutions in the energy sector.

A Milestone Acquisition

The acquisition is not just a financial transaction; it represents a significant technological integration that allows Gridspertise to leverage Energyworx's substantial capabilities in managing large volumes of smart metering and sensor data in real-time. With Energyworx recognized as a visionary by Gartner, this collaboration boosts Gridspertise's mission to modernize energy grids through intelligent solutions.

Robert Denda, CEO of Gridspertise, remarked on the transformative nature of this acquisition, stating, "Energyworx's unique functional and technical offerings empower us to expand our service capabilities significantly." By integrating Energyworx's proven skills in Energy Metering Data Management, Gridspertise aims to provide enhanced value to its customers.

Unlocking New Capabilities

The acquisition positions Gridspertise to better serve its clientele, unlocking opportunities to fully harness the vast amounts of data generated by smart meters and sensors. This integration facilitates real-time data-driven decision-making, which is essential for the evolving landscape of energy management. Marcel E. Smit, CEO of Energyworx, expressed enthusiasm about the acquisition, saying, "This partnership presents an exciting opportunity to scale our innovative MDM solutions to a global audience." Thus, together, they aim to broaden the deployment of intelligent metering solutions worldwide.

Moreover, Gridspertise's strategy behind acquiring Energyworx aligns with its trajectory toward offering as-a-Service models, consolidating its previous acquisition of Aidon, which further strengthens its capabilities in the smart metering domain. The seamless integration of these technologies will empower utilities to innovate and optimize their operations effectively.

Strategic Vision and Market Impact

This acquisition is critical in Gridspertise's broader strategy to enhance efficiency and provide advanced data processing and operational intelligence for utilities. Frederico Gonçalves, Managing Director of EDP Ventures, highlighted the importance of this acquisition as a validation of Energyworx's vision and execution, stating, "This is a clear example of investing in technology companies that lead the way in the energy transition."

With Energyworx, the Gridspertise Group will not only attract new clients but also strengthen its existing customer relationships, thus reinforcing its position as a trusted technology partner in the smart grid and energy data management space.

About Gridspertise and Energyworx

Founded in 2021 and spun off from Enel's digital grid expertise, Gridspertise has positioned itself as a critical player in smart grid modernization. Its ongoing collaboration with all stakeholders in the energy sector aims to deliver solutions that are eco-friendly and efficient. The recent acquisition of Energyworx is a testament to this commitment.

Energyworx, based in the Netherlands, has established itself by providing a cloud-native time series platform that caters to a variety of utilities. With its integrated solutions for Energy Data Management and Smart Grid Analytics, Energyworx has become a partner of choice in the European and American markets.

With Gridspertise’s extensive expertise in smart grids and Energyworx’s innovative data management solutions, the integration promises to redefine the landscape of digital solutions in the energy market, turning challenges into opportunities and setting the stage for a more efficient, intelligent future.