Strathclyde spinout Smarter Grid Solutions has been bought by Mitsubishi Electric for an undisclosed figure.
Smarter Grid Solutions (SGS), a UK-based energy management enterprise software developer spun out of University of Strathclyde, has agreed to an acquisition by electronics manufacturer Mitsubishi Electric.
Financial terms have not been disclosed. The deal is expected to close within weeks, following which SGS will continue to maintain its offices in Glasgow and report to Mitsubishi Electric Power Products, a subsidiary of Mitsubishi Electric selling products such as transformers.
SGS provides distributed energy resources (DER) management software for…
Thierry Heles
Thierry Heles is the editor of Global University Venturing, host of the Beyond the Breakthrough interview podcast and responsible for the monthly GUV Gazette (sign up here for free).
