EnOcean Receives Venture Capital Investment of 4.5 million Euros
Lenders including 3i and Wellington Partners invest in the company's
expansion
Oberhaching/Munich, 19 August 2008 - EnOcean GmbH has received 4.5
million Euros for acquisition of new markets worldwide and continued
development of its self-powered wireless technology for
energy-efficient systems in the building sector. This brings the
company’s total amount of venture and growth capital since it was
founded to over 20 million Euros.
EnOcean is the market leader in the field of wireless sensors for
applications in building and industry. With an annual turnover and
sales growth of 100 percent, the company has sold some half a
million units and estimates the market potential for self-powered
wireless modules to be several hundred million modules a year. New
international customers include Masco Corporation, USA; Leviton
Company Inc., USA; Honeywell International Inc., USA; and Eltako
GmbH, Germany.
Due to the major success of the EnOcean Alliance, which manages
worldwide standardisation of EnOcean technology and co-finances the
marketing of products that use EnOcean technology, lendors and
investors had even further incentive to invest in EnOcean’s
expansion.
“This new financing will be focused on expanding the European and
North American markets, and establishing new markets, especially in
Asia. In addition, we're investing in further development of our
technology and products,” commented Uwe Thumm, CFO of EnOcean GmbH.
The investors with the largest shares are Wellington Partners GmbH,
Munich and 3i Group plc, London. Venture capital has also been
provided by Emerald Technology Ventures AG, Zurich; Siemens Venture
Capital GmbH, Munich; Siemens Technology Accelerator GmbH, Munich;
BayTech Venture Capital Beratungs GmbH, Munich; and ATMOS S.p.A.,
Milan.
Rolf Dienst, general partner of Wellington Partners GmbH, sees very
high growth potential ahead for EnOcean GmbH. “I'm convinced that
EnOcean can tap this enormous market potential with its technology
for energy-efficient solutions,” said Dienst, “You might say EnOcean
technology is the quasi foundation for smart, green buildings.”
EnOcean's business model will remain unchanged with this new
investment and the target market will remain sensor technology for
sustainable buildings.
About EnOcean
EnOcean GmbH, established in 2001 and headquartered in Oberhaching
near Munich, develops innovative, self-powered wireless sensor
technology. The company manufactures and markets service-free and
flexible wireless sensor solutions for use in buildings and
industrial installations. The products are based on a combination of
miniaturised power converters and reliable wireless transmission.
More than 500,000 of the company's wireless components are already
in use.
EnOcean GmbH employs more than 40 people in Germany and the USA, and
cooperates with well-known manufacturers of system solutions for
building and industrial installations engineering worldwide. EnOcean
has won numerous awards, most recently the "Batimat Innovation Award
in Bronze" at Batimat 2007, as well as the "Best innovation in green
product and services" award of the Working Buildings Week Innovation
Awards 2007, the "Building Product Innovation Award" at the 100%
Design London Awards 2007, the "BuildingGreen’s 2007 Top-10 Green
Building Products" and the title "Technology Pioneer 2006" of the
World Economic Forum.
EnOcean GmbH is a promoter of EnOcean Alliance Inc., established at
the light+building show 2008 on April 7.
Email:
andreas.schneider@enocean.com
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