M&A Deal Summary

Uplight Acquires AutoGrid

On December 14, 2023, Uplight acquired software company AutoGrid from Schneider Electric

Acquisition Highlights
  • This is Uplight’s 2nd transaction in the Software sector.
  • This is Uplight’s 6th transaction in the United States.
  • This is Uplight’s 2nd transaction in California.

M&A Deal Summary

Date 2023-12-14
Target AutoGrid
Sector Software
Buyer(s) Uplight
Sellers(s) Schneider Electric
Deal Type Divestiture
Advisor(s) Debevoise & Plimpton (Legal)

Target

AutoGrid

Redwood City, California, United States
AutoGrid builds AI-powered software applications that enable a smarter distributed energy world. The company’s suite of flexibility management applications allows utilities, electricity retailers, renewable energy project developers, and energy service providers to deliver clean, affordable, and reliable energy by optimizing networked distributed energy resources (DERs) in real-time and at scale. AutoGrid was formed in 2011 and is based in Redwood City, California.

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Buyer(S) 1

Buyer

Uplight

Boulder, Colorado, United States

Category Company
Founded 2004
Sector Internet Software and Services
DESCRIPTION

Uplight is a provider of energy management software, hardware, and services for consumers and utility companies. Uplight data analytics on more than 123 million homes creates new business opportunities for any product or service provider connected to the home. Today, this includes electric and gas utilities, and energy retailers. Built over more than a decade, the Tendril Platform delivers real-time, ever-evolving data about the home and how people use energy in it. These rich insights help our customers improve customer acquisition, increase engagement and orchestrate home energy experiences. Uplight was founded in 2004 and is based in Boulder, Colorado.


DEAL STATS #
Overall 7 of 7
Sector: Software M&A 2 of 2
Type: Divestiture M&A Deals 1 of 1
State: California M&A 2 of 2
Country: United States M&A 6 of 6
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-27 Agentis

Chicago, Illinois, United States

Agentis is a provider of digital energy analytics and management tools to non-residential consumers. Agentis is based in Chicago, Illinois.

Buy -

Seller(S) 1

SELLER

Schneider Electric

Rueil Malmaison, France

Category Company
Founded 1836
Sector Electrical Equipment
Employees155,822
Revenue 38.2B EUR (2024)
DESCRIPTION

Schneider Electric is a provider of electricity distribution, automation management and produces installation components for energy management. Schneider Electric develops connected technologies and solutions to manage energy and process in ways that are safe, reliable, efficient and sustainable. Schneider Electric was founded in 1836 and is based in Rueil-Malmaison, France.


DEAL STATS #
Overall 15 of 15
Sector: Software M&A 1 of 1
Type: Divestiture M&A Deals 10 of 10
State: California M&A 3 of 3
Country: United States M&A 7 of 7
Year: 2023 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-28 EcoAct

Paris, France

EcoAct is a privately held international sustainability consultancy and project developer that provides holistic solutions to enable businesses to reduce their carbon emissions while driving commercial performance. It has undertaken carbon reduction and sustainability projects for some brands while also developing and partnering with carbon offset, biodiversity, and economic development programs across Africa, Asia, China, and South America. EcoAct was formed in 2005 and is based in Paris.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-08-21 WattBuy

Bellevue, Washington, United States

WattBuy is a software platform that helps consumers and businesses make data-driven decisions around energy. Using proprietary data models and integrations, it personalizes electricity plans, rooftop solar quotes, and total energy cost projections to simplify and accelerate home and business electrification. WattBuy is based in Bellevue, Washington.

Buy -