Paris,1. October 2024
Hager Group acquires advizeo to accelerate its expansion in energy services & to solidify its leadership in energy management
In a major step forward in expanding energy efficiency services for commercial & public buildings, Hager Group has acquired French-based advizeo, a recognized leader in building energy management services and monitoring software. This strategic move is aimed at reinforcing Hager Group's commitment in innovative energy management solutions and CO2 emissions savings. The main customers concerned are public and commercial building owners and operators.
Strengthening our future in energy management
The acquisition of advizeo accelerates Hager Group’s expansion in energy services and solidifies its leadership in building energy management services, as aligned with the company's strategy to enhance its offerings in the critical segment of mid-size commercial buildings. advizeo, known for its unique value proposition, will now leverage Hager Group’s expertise to accelerate its growth, expand internationally and address new customer needs. This collaboration complements Eficia’s* energy control service offerings, combining both companies' know-how to develop cutting-edge solutions for energy monitoring, optimization & control in response to emerging energy and environmental challenges.
Sabine Busse, CEO of Hager Group, said: “The acquisition of advizeo represents a significant milestone in our journey to expand and strengthen Hager Group’s presence in the commercial buildings sector. By uniting our expertise with advizeo’s, we are positioned to deliver cutting-edge energy management software and services that meet the evolving needs of our customers. This strategic move underscores Hager Group’s dedication to leading the way in energy services, as we work together to shape a more sustainable and energy-efficient future.”
advizeo: a success story in energy efficiency
Founded in 2015 by Cyril Sailly within setec, advizeo has rapidly grown to become a relevant player in energy efficiency. The company’s comprehensive energy management services focus on reducing energy consumption and costs through real-time energy monitoring, performance analysis, and efficiency recommendations.
Cyril Sailly, Director of advizeo, commented: “This acquisition marks a pivotal moment in advizeo’s growth journey. By joining forces with Hager Group, we are opening the door to new opportunities, fuelled by innovative solutions that will address the ever-evolving demands of energy management. We are deeply committed to continue our success within Hager Group and look forward to what we can achieve together in shaping the future of sustainable energy.”
*Expanding our energy management capabilities
This acquisition follows Hager Group’s successful integration of Eficia in 2023 and E3/DC in 2018, underscoring our commitment to strategic inorganic growth. Eficia specializes in monitoring and optimizing building energy systems, while E3/DC is a leader in energy storage and self-sufficient energy supply solutions. The combined expertise will significantly enhance Hager Group’s ability to offer integrated energy management solutions, addressing the commercial building sector’s growing demands for sustainability, digitalization and energy optimization.
Do you want to know more about recent investments?
Check out Hager Group’s investment page.
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About Hager Group
Hager Group is a leading provider of solutions and services for electrotechnical installations in residential, commercial and industrial buildings with 13,000 employees generating 3.2 billion Euros in sales. Components and solutions are produced at 22 locations around the globe and are distributed to customers in more than 100 countries. Hager Group is an international independent family-owned company headquartered in Germany.
One of the industry’s innovation leaders, Hager Group aims at sustainably shaping the electrical world of tomorrow and play a leading role in the field of energy management and distribution. Customers rely on the group’s safe and simple products and solutions which range from energy distribution, cable management and wiring accessories to building automation, security systems and energy management under the brands Hager, Berker, Bocchiotti / Iboco, Eficia, Elcom and E3/DC.
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