Siemens Building Technologies Division is acquiring Enlighted Inc., a provider of smart IoT (Internet of Things) systems in buildings, headquartered in Silicon Valley. Both parties have agreed not to disclose financial details. Closing is expected in the third quarter of 2018. Enlighted will be managed as an independent legal entity and wholly-owned subsidiary of Siemens Industry, Inc.
Enlighted makes smart sensors, securely streaming data to the cloud. In addition, the IoT platform enables reduced energy use, improved space utilization, better environmental management and greater asset utilization.