Siemens Building Technologies Division is acquiring Enlighted Inc., a leading provider of smart IoT (Internet of Things) systems in buildings, headquartered in the Silicon Valley. The company is a successful player in the smart building industry, bringing an advanced digital sensory system to market. Both parties have agreed not to disclose financial details. Closing is expected in the third quarter of 2018. Enlighted will be managed as an independent legal entity and wholly-owned subsidiary of Siemens Industry, Inc.

"Enlighted has a strong footprint in revolutionizing building intelligence by developing a multi-sensor-based IoT platform, using the power of data," said Matthias Rebellius, CEO of Siemens Building Technologies. "With this move we are demonstrating our commitment to drive digitalization in the smart building industry."

"With Siemens as a global partner, we will both accelerate innovation and market adoption of our smart building technologies on an international scale," said Joe Costello, Chairman and CEO of Enlighted Inc.

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