Siemens Building Technologies Division is acquiring Enlighted Inc., a provider of smart IoT (Internet of Things) systems in buildings. Siemens officials said 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.”

The Enlighted IoT platform consists of multi-function sensors, distributed computing, its own network, and software applications. The Enlighted platform’s smart sensors securely stream data to the cloud. In addition, the platform aims to reduce energy use, improve space utilization, and create better environmental management and asset utilization.

“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.

Enlighted analyzes and visualizes the collected sensor data to drive down operating costs and improve the inner life of a building. These sensors can be installed in every light fixture with the ability to collect data 65 times per second to detect environmental and occupancy changes and react to lighting and HVAC needs in real-time. Based on an advanced smart lighting control application, officials said the Enlighted platform can lower lighting costs of a building up to 85% percent when combined with advanced LED fixtures. In addition, the platform is able to locate people and assets within a building and analyze the occupancy of floors and rooms. Finally, in combination with Siemens solutions, the Enlighted platform can optimize the energy efficiency of HVAC systems.