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Add-on acquisition Closed Jul 2016

BuildingIQ acquires core energy-optimization technology from CSIRO

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Relationship map for BuildingIQ acquires core energy-optimization technology from CSIROparent ofBuildingIQ: PlatformBUBuildingIQCommonwealth Scientific and Industrial Research Organisation: Operating CompanyCSCommonwealth Scientif…
Operating CompanyPlatform

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Acquirer
BuildingIQ
Platform
Target
Commonwealth Scientific and Industrial Research Organisation
Operating Company

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Summary

BuildingIQ announced acquisition of the OptiCool and ComfortSENSE subsystems and connecting interface from CSIRO for ~A$500,000, obtaining full IP rights to technology it previously licensed.