Cambridge Enterprise is celebrating another win with the acquisition of Smap Energy by Enechange.
Smap Energy, a UK-based smart meter data analysis technology developer spun out of University of Cambridge, agreed to an acquisition by utility switching service Enechange for an undisclosed sum today.
The transaction is expected to close by the end of this month, when Smap will become a wholly-owned subsidiary of Enechange. The deal will provide an exit to investors including Cambridge Enterprise, the tech transfer office of University of Cambridge.
Enechange first purchased a majority stake in Smap in 2017, and will own 100% of share capital once this latest deal closes. The two have already collaborated on deploying Smap’s technology among Enechange’s client base.
Founded in 2016, Smap Energy has developed a smart meter data analysis software-as-a-service platform. The technology is based on PhD research by co-founder Yohei Kiguchi.
Smap emerged out of the Cambridge Energy Data Lab, which had already spun out Enechange in…
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).
