Siemens Smart Infrastructure acquires Brightly
Siemens Smart Infrastructure buys the American company Brightly Software. The takeover is intended to promote the growth of the Zug-based Siemens subsidiary in the digital and software as a service divisions. Siemens is investing around 1.6 billion dollars for this.
Brightly Software , a software-as-a-service (SaaS) facility and maintenance management company based in Cary, North Carolina, has acquired Siemens Smart Infrastructure . A corresponding agreement has already been signed, Siemens informed in a statement . The purchase price is $1.575 billion plus a performance-based earn-out component.
The takeover is intended to promote the growth of the Zug-based Siemens subsidiary in the digital and software as a service divisions. In particular, the acquisition will complement the offerings of Siemens Smart Infrastructure for building technology "with established cloud-based solutions in key sectors such as public infrastructure, education and healthcare as well as manufacturing," according to the release. At the same time, Siemens wants to use Brightly's position in the American market. In addition, the Group expects synergies with a net cash value in the mid three-digit million range.
"With Brightly, we are taking a big leap forward and are taking the operation of buildings to the next level," Matthias Rebellius, Member of the Management Board of Siemens AG and CEO of Smart Infrastructure, is quoted as saying in the press release. The acquisition of Brightly supports Siemens' vision to "create fully autonomous buildings that continuously learn from the people who live in them and adapt to their needs".