Adaptricity

Completed Date

2021-11-03

Sector

Energy & Sustainability

Deal Type

Company sales

Value

Not disclosed

Company bio

Since its founding in 2014 as a spin-off company of ETH Zurich, Adaptricity has been firmly established as a driver of SmartGrid innovation in the DACH region. The scope of the company is the development, sale and licensing of cloud-based modular software products for the analysis, simulation, monitoring, optimization, and planning of power distribution grids as well as providing consulting services in the area of power grid operators. Its innovative grid analytics platform combine traditional grid planning practices with data-driven algorithms to ensure all measurement data available in the power grid (such as smart meter data) is used to the full potential. Further information at https://www.adaptricity.com/en/

Deal Summary

LEONI AG, Nurnberg, a global provider of products and solutions in energy and data management for the automotive industry and other sectors, has decided to divest its majority stake in Adaptricity as part of pursuing its strategic focus on the wiring systems business. Adaptricity is a Swiss provider of an innovative cloud-based grid analytics platform and of premium smart grid solutions. The sales process was supported by Proventis Partners as M&A advisor and completed with the sale of 100% of the shares in Adaptricity. The buyer is the internationally operating Secure Meters Ltd., headquartered in Udaipur, Rajasthan, India. The buyer was identified through Proventis Partners’ Mergers Alliance network and was advised by Singhi Advisors (India)”. Adaptricity's modular and cloud-based solution platform represents an ideal strategic addition for Secure Meters to its own product portfolio for distribution network operators. The acquirer plans to invest in the further expansion of the technology and to integrate Adaptricity's products into its international sales activities. Adaptricity will operate as a 100% subsidiary of the Secure Meters Group.

Gerd Schuster, Head of Strategy and M&A at LEONI AG, commented: “Proventis supported us throughout the entire M&A process and was particularly convincing with their industry knowledge in the energy sector and with the Mergers Alliance network. Together we were able to complete the sales process quickly and successfully.”

Value Added to the Project

Sector expertise, understanding of start-up capabilities and constraints (on target side) as well as reporting- and compliance-processes of large stock-listed corporations (seller)

Deal Contacts

Pierre André Schneider

Petr Maxmilian Hajkr

Senior Associate

Proventis Partners is the exclusive German partner of Mergers Alliance

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