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UTC Climate, Controls & Security to acquire EcoEnergy

UTC Climate, Controls & Security has announced that its India affiliate has entered into an agreement with Wipro Limited, a leading global information technology, consulting and business process services company, to acquire EcoEnergy, Wipro’s energy services business division.

Based in Bengaluru, India, EcoEnergy is a leading provider of energy management services for commercial customers in North America, Europe, and Asia. UTC Climate, Controls & Security, a leading provider of heating, ventilating, air conditioning (HVAC) and refrigeration systems, is a unit of United Technologies Corp.

President, international operations, UTC Climate, Controls & Security, Ross Shuster, said: “We believe EcoEnergy’s energy management platform and services, along with the expertise of its team, will enable UTC Climate, Controls & Security to further develop its remote monitoring and building analytics capabilities and bring enhanced services and solutions to UTC Climate, Controls & Security’s broad, global customer base.”

“Our industry-leading brands, including Carrier, Riello, Chubb, Edwards, Onity, Automated Logic, Lenel, Interlogix and Kidde, along with their channel businesses, will be able to offer EcoEnergy service options to our customers, leveraging EcoEnergy’s talented staff of professionals. This will provide our customers with another way in which UTC Climate, Controls & Security is helping to meet their sustainability goals throughout the entire building lifecycle.”

Mansoor Ahmad, vice president, Energy Management Services at EcoEnergy, said: “This transaction will help EcoEnergy continue to serve its customers and enable them to realise the opportunities made possible by IoT and big data analytics. We expect to develop the EcoEnergy brand in wider segments and geographies through our technology and service expertise, powered by the reach of UTC Climate, Controls & Security brands.”

The acquisition is subject to customary closing conditions and regulatory approvals.

 

 

 

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