- Siemens acquires Setmetrics technology to enhance Brightly Software's energy modeling.
- The technology reduces design effort by up to 80%.
- Setmetrics serves customers in Australia and North America.
- Details of the transaction remain undisclosed.
Acquisition Overview
Siemens has acquired key technology from Setmetrics, an Australian SaaS provider, to enhance its Brightly Software portfolio. This acquisition aims to improve energy modeling capabilities for diverse buildings, focusing on commercial real estate, education, and healthcare sectors.
Energy Efficiency Enhancement
The integration of Setmetrics technology allows for rapid development of energy efficiency models, significantly reducing design effort by up to 80%. This advancement simplifies the process of creating an Energy Twin, enabling scenario analysis and outcome tracking.
Impact on Asset Investment Planning
Brightly Software now offers a more comprehensive energy impact analysis, integrating operational, financial, and sustainability data throughout the asset lifecycle. This approach helps organizations maximize investments and achieve long-term sustainability goals.
Market Reach
Setmetrics has been serving customers across Australia and North America, providing an intuitive and lightweight energy modeling solution. The acquisition strengthens Siemens' position in these markets, enhancing its sustainability offerings for the built environment.
Transaction Details
The acquisition of Setmetrics technology assets has been completed, though the specific details of the transaction have not been disclosed by the parties involved.
