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New Deal


Announced

Uplight to acquire AutoGrid from Schneider Electric.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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big data analytics

software development

energy data

United States

Software

Domestic

Pending

Majority

Friendly

Single Bidder

Acquisition

Private

Synopsis

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Uplight, the technology partner to energy providers transitioning to a decarbonized future, agreed to acquire AutoGrid, a virtual power plant developer, from Schneider Electric, a French multinational company that specializes in digital automation and energy management. Financial terms were not disclosed. "The grid is at a critical inflection point that demands integrated, effective digital solutions to accelerate electrification, efficiency, and decarbonization. Our new platform will combine Uplight’s deep customer engagement capabilities and AutoGrid’s leading renewables and flexible capacity management solutions to provide a vibrant connected ecosystem where our utility clients, energy users, and equipment manufacturers can accelerate their impact in the energy transition," Luis D’Acosta, Uplight CEO.

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