Yokogawa Electric, a provider of systems and solutions for measurement, control, and information technologies, has acquired BaxEnergy, a provider of renewable energy management solutions (REMS). With this acquisition, Yokogawa has acquired access to a range of solutions provided by BaxEnergy that are adopted by power companies across Europe.
Simone Massaro, CEO of BaxEnergy, said, “We are proud to now be part of the Yokogawa family. Through this relationship, we will be able to scale globally and provide power producers and process industry users with our intelligent data engineering and renewable energy management expertise, delivered through our data infrastructure and ecosystem of applications”.
Established in 2010, BaxEnergy provides flexible and scalable REMS. The company said that its REMS solutions integrate the management of a wide variety of renewable power generation facilities and can analyze data from turbines, inverters, and other types of power generation equipment from many different manufacturers to improve power generation efficiency.
Koji Nakaoka, a senior vice president and head of Yokogawa Electric’s Energy & Sustainability Business Headquarters, said, “Yokogawa contributes to the realization of a resilient and sustainable society by supporting safe and optimal operations throughout the increasingly diversified energy supply chain. We look forward to leveraging BaxEnergy’s unique strengths to generate synergies and accomplish this aim.”
According to Mercom’s Q1 2024 Funding and M&A report for Storage & Smart Grid, there was one corporate M&A transaction in Q1 2024 compared to four transactions in Q1 2023.
EnergyCAP, an energy and sustainability enterprise resource planning software company, recently announced the acquisition of Wattics, an energy management analytics and monitoring platform that allows professionals in the energy and sustainability industry to manage, monitor, and analyze energy and commodities from a single dashboard.
