M&A Deal Summary

algoWatt Acquires WiSave S.r.l.

On January 1, 2017, algoWatt acquired internet software and services company WiSave S.r.l. from Italeaf and Energy System Srl

Acquisition Highlights
  • This is algoWatt’s 1st transaction in the Internet Software and Services sector.
  • This is algoWatt’s 1st transaction in Italy.

M&A Deal Summary

Date 2017-01-01
Target WiSave S.r.l.
Sector Internet Software and Services
Buyer(s) algoWatt
Sellers(s) Italeaf
Energy System Srl
Deal Type Divestiture

Target

WiSave S.r.l.

Narni, Italy
WiSave S.r.l. is an operator in the field of the Internet of Things. WiSave develops and patented a proprietary remote management system of thermal plants on cloud platform, called ALGO, which aims to improve energy efficiency of a virtually unlimited number of thermal environments, through the use of an advanced thermal analysis algorithm of whole buildings (BMS – Building Management System).

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Buyer(S) 1

Buyer

algoWatt

Milan, Italy

Category Company
Founded 2005
Sector Renewable Energy
Revenue 25M EUR (2018)
DESCRIPTION

algoWatt is a provider of energy efficiency, waste and energy management services. algoWatt was founded in 2005 and is based in Milan, Italy.


DEAL STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Italy M&A 1 of 1
Year: 2017 M&A 1 of 1

Seller(S) 2

SELLER

Italeaf

Narni, Italy

Category Company
Founded 2010
Sector Renewable Energy
DESCRIPTION

Italeaf S.p.A. is a holding company and a business accelerator for companies and startups in the areas of innovation and cleantech. Italeaf operates as a company builder, promoting the creation and development of industrial startups in the fields of cleantech, smart energy and technological innovation.


DEAL STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Italy M&A 1 of 1
Year: 2017 M&A 1 of 1
SELLER

Energy System Srl

Lecce, Italy

Category Company
Founded 2009
Sector Renewable Energy
DESCRIPTION

Energy System Srl is a provider of electronic design and plant engineering, EnSystem core business is the rehabilitation of buildings, with particular attention to renewable energy resources and technological innovation.


DEAL STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Italy M&A 1 of 1
Year: 2017 M&A 1 of 1