The investment from Innovation Industries underscores the starting point for EnOcean's additional organic and inorganic growth strategy, providing vital resources to accelerate the development of new sustainable IoT solutions and widen its market footprint. This infusion of capital follows on the heels of EnOcean’s first acquisition in late 2022.
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| From top: Raoul Wijgergangs Chris Sonnenberg |
Chris Sonnenberg ( from Innovation Industries added: "Partnering with EnOcean in their pursuit of sustainable IoT solutions is a remarkable opportunity for Innovation Industries. We are excited to expand our investment portfolio into the vibrant German market, and joining forces with a company that holds a leadership position in the sustainable IoT sector is truly inspiring. The dedication EnOcean is showing to drive innovation in products, channel, and business model while prioritizing environmental sustainability aligns seamlessly with our own values. This investment not only signifies our confidence in EnOcean's capabilities but also our commitment to fostering technology-driven positive change. We eagerly anticipate the positive impact our partnership will bring to both the company and the IoT landscape as a whole."
With this positive strategic alignment based on a continued buy-and-build strategy, EnOcean envisions further acquisitions with separate capital raises that will complement its portfolio and enhance its capabilities. The strategic partnership with Innovation Industries provides a strong foundation for these future endeavors, with both entities committed to fostering growth and innovation.
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