Veolia’s Well-Timed Purchase Of Enovity Will Power Up Its Facilities Optimization Capabilities
On January 11, 2017 Veolia announced it has acquired Enovity, an energy and facilities management services provider headquartered in San Francisco. The acquisition will expand Veolia’s building energy services footprint in the US and grow its team by 250 staff across New York, Boston, Philadelphia, and California. Veolia plans to bring Enovity’s capabilities together with its SourceOne energy services division which has offerings across energy consulting, project implementation and energy engineering.
Since Veolia entered the US energy market in 2005, it has been deepening its US building energy services capabilities through the purchase of specialist SourceOne in 2007 and the development of its own energy management software platform EMSys. Its latest purchase Enovity will provide it a set of capabilities that are based on taking an integrated approach to optimizing performance across energy and facilities management and integrating data from different energy data streams and building systems.
Verdantix finds that Veolia’s purchase of Enovity is well-timed and aligns well with the current expansion of supplier offerings from pure energy management into facilities optimization management. This approach enables suppliers to optimize buildings across a broader scope such as maintenance spend and operations. In addition, suppliers have found that flat or mildly rising energy prices in certain regions are not putting enough pressure on customers to significantly expand energy management spend within buildings. For example, EnerNOC has developed a facilities optimization capability and Flywheel (formerly SCIenergy) is expanding to provide facility performance management covering maintenance and energy management.
For more insight into how the market for real estate, energy and facilities management will evolve in 2017, tune into our upcoming webinar: Predictions, Risks And Opportunities: What Should Real Estate And Facilities Software Executives Watch Out For In 2017?