This Research Note examines the acquisition of the Swiss smart buildings IoT platform company, akenza AG by VEGA Grieshaber KG, a German manufacturer of industrial measurement technology. VEGA Profile Since 1959, VEGA Grieshaber KG has been developing and producing technology for level and pressure measurement for industrial process automation. VEGA’s measurement solutions are used in diverse industries, including water and wastewater management, chemicals, pharmaceuticals, food, energy, and oil and gas. VEGA is a family-run company with revenues of €700M in 2024, more than 2,800 employees worldwide and a market presence in over 80 countries. akenza Profile akenza provides a horizontal enterprise IoT application enablement platform that connects, manages, and visualizes sensor data across buildings and industrial operations. Founded in Zurich, Switzerland in 2017, the startup provides a low-code/no-code environment for connecting devices, managing connectivity, processing data, and building IoT applications across multiple sectors. Akenza states that its platform is used by organisations in 89 countries. Several […]