MAR - 1st
UTC Climate, Controls & Security Completes Acquisition of Wipro Limited’s EcoEnergy Business Division
UTC Climate, Controls & Security has successfully completed its planned acquisition of EcoEnergy, Wipro Limited's energy services business division. EcoEnergy, based in Bengaluru, India, is a leading energy management solutions company that optimizes customers’ energy consumption by analyzing insights gained from their software-as-a-service platform, big data analytics and domain-centric people and processes. UTC Climate, Controls & Security, a leading provider of heating, ventilating, air conditioning and refrigeration systems, is a unit of United Technologies Corp. (NYSE:UTX).
"We are delighted to welcome the EcoEnergy team into UTC Climate, Controls & Security. Their expertise, along with the EcoEnergy energy management platform and services, will further enhance the building analytics capabilities offered to our customers around the world,” says Ross Shuster, president, International Operations, UTC Climate, Controls & Security. “With proven energy savings of over 1.5 billion kilowatt-hours to date across 6,000 commercial sites in North America, Europe and Asia, EcoEnergy’s domain-centric expertise, technology assets and remote monitoring services strengthen our ability to help customers achieve their energy-saving goals."
Within UTC, EcoEnergy will report to the Automated Logic business under the leadership of business president Mead Rusert. “EcoEnergy is a natural fit with Automated Logic,” says Rusert. “We have a shared vision to serve the emerging building energy management services segment and will work closely together to deliver energy-saving solutions to our customers worldwide.”
“This transaction will help EcoEnergy continue to serve its customers and enable them to realize the opportunities made possible by the internet of things and big data analytics. Powered by the reach of the UTC Climate, Controls & Security network, we will develop the EcoEnergy brand in wider segments and geographies,” says Mansoor Ahmad, vice president, Energy Management Services, EcoEnergy.